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The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
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What is this?
The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
To learn more about participating in the Genius Editorial project, check out the contributor guidelines.
What is this?
The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
To learn more about participating in the Genius Editorial project, check out the contributor guidelines.
What is this?
The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
To learn more about participating in the Genius Editorial project, check out the contributor guidelines.
What is this?
The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
To learn more about participating in the Genius Editorial project, check out the contributor guidelines.
What is this?
The Genius annotation is the work of the Genius Editorial project. Our editors and contributors collaborate to create the most interesting and informative explanation of any line of text. It’s also a work in progress, so leave a suggestion if this or any annotation is missing something.
To learn more about participating in the Genius Editorial project, check out the contributor guidelines.
Every 10 minutes, the state of the network achieves consensus on a block, and the transactions up to that point are verified and agreed to at this point.
As consensus is achieved on a block, it strengthens the security of the previous block, building the security of the network as the network goes along.
The amount of computing power it would take to ‘break’ bitcoin in capital terms exceeds $400 million dollars. Just to break Bitcoin in terms of being able to calculate the proof of work faster than the rest of the network, with that, you would be able to fool the network for 10 minutes, and it would cost you $400 million , and for the next 10 mins you would have to continue to fool the network which would cost another $400 million in computing power.
It would be interresting to know how you get the price of $400 million.