A note from Daniel

Blockchains are permissionless, so anyone with an internet connection can participate. But this design had a complication: if any computer could vote, then spam and bad actors could easily overwhelm the network. Nakamoto's solution was to charge a "fee" to participate. To vote on the next machine state, a miner would need to perform computational work, which costs energy, and submit proof that it did that work. This system—aptly called proof of work—enabled open, permissionless voting while also filtering out spam and other nefarious schemes.

Daniel Read Write Own, page 59 · March 1, 2024 Save to shelf
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