Re:1 Bitcoin Worth 10 USD
by drivebyacct2 on Thursday August 02, 2012 @06:24PM
(#4331384)
Can you give this analogous type summary of how this works from a technical perspective? I assume it doesn't rely on everyone coming to some sort of an agreement?
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Re:1 Bitcoin Worth 10 USD
by Dylan16807 on Thursday August 02, 2012 @06:45PM
(#4331455)
It does actually rely on agreement. Clients track the network speed and only accept difficult enough hashes.