1/2: "illustrate that fast information propagation amongst honest players (in relation to PoW) is essential for transaction persistence"
Updated: great math model of several important aspects of Bitcoin. A better way to reason about blockchain security. https://eprint.iacr.org/2014/765
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2/2: Which is exactly why we shouldn't balloon the block size, and why we need additional settlement layers.
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It's a security clearance.
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