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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Kevin Wang: Nervos – Scaling Smart Contact Blockchains With Proof of Work and Generalized UTXO
Description: While recent blockchain launches seem to leverage various Proof of Stake consensus mechanisms, some believe Satoshi’s consensus mechanism is optimal for distributed protocols. As decentralized ledgers jockey to become the chain of choice for enterprises looking to leverage blockchain technology, projects are looking to offer a solution that maximizes security, decentralization, and transaction throughput. Kevin Wang, a Co-founder of Nervos, joins us to discuss why Proof of Work was implemented as the consensus mechanism for the network. To enable greater flexibility for application developers, Nervos created a Common Knowledge Base (CKB) to focus on the security of...