You know how Bitcoin transactions take forever to confirm? That’s because Bitcoin uses something called eventual consistency. It’s like waiting for everyone at a large dinner table to agree that the soup is delicious before you can enjoy it.

But what if there was a way to make Bitcoin transactions happen instantly? That’s where a new system called PeerCensus comes in. It’s like a strict schoolteacher in a peer-to-peer network, making sure everyone agrees on who said what and when. This system builds on the Bitcoin blockchain but adds a special touch: strong consistency.

Strong consistency means that once a transaction is confirmed, it stays confirmed. No more waiting for everyone to agree! PeerCensus manages peer identities and acts as a certification authority, making sure everything runs smoothly.

So, what about Discoin? It’s like a supercharged version of Bitcoin. With Discoin, transactions happen in real-time because it decouples block creation from transaction confirmation. Once it's done, it's done!

Research shows that PeerCensus is in a secure state most of the time. It’s like having a really reliable friend who always shows up on time. So, maybe one day, we won’t have to wait for that soup to be officially delicious. We can just enjoy it!

Bitcoin's Blockchain Hack: Achieving Instant Consistency

Actions