kaal:claim:3782203-030

Bitcoin's proof of work has produced no protocol violation in more than a decade, meaning no rule breaking message has been incorporated into the finalized blockchain, even though anyone can run a hacked version of the algorithm anonymously at any time.

Source quote, verbatim

Despite the fact that anyone can run any hacked version of the algo- rithm at any time from an anonymous account, there has not been a single protocol violation—meaning no message has been incorporated in the finalized blockchain which breaks the rules of the algorithm.

From

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021), Application to PoS consensus algorithms, p. 19
https://ssrn.com/abstract=3782203 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203

Holds when

Bitcoin proof of work as of 2021
network of millions of users

Classification

empiricalsupport: assertedconsensus-and-securitytokenomics

Verify

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