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Blockchains Are Decentralized Ledgers Which, by Definition, Are Not Controlled

question 140

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Blockchains are decentralized ledgers which, by definition, are not controlled by a central authority. Due to the value stored in these ledgers, bad actors have huge economic incentives to try and cause faults. What algo was the original solution to the potential problem as specified by Satoshi?


Definitions:

Co-Operation

The process of working together towards a common goal, often involving mutual assistance and collaboration.

Mistrusting Management

A situation in which employees lack confidence in the intentions or abilities of the organization's leadership, potentially leading to communication breakdowns and decreased productivity.

Union Leaders

Individuals elected or appointed to represent and guide a labor union, negotiate with employers, and organize union activities.

Labour Negotiating Process

A series of discussions and agreements between employers and employees (or their representatives) to settle workplace issues or terms of employment.

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