Proof of work = real world cost, energy input
SHA256 = hashing algorithm
Difficulty is determined by block target times. Under 10 minutes, increase difficulty; over 10 minutes, decrease.
Difficultly is adjusted every 2016 blocks, or ~14 days.
It’s these combined with hard supply cap and strict issuance schedule that = magic internet money.
I’m drunk, let’s hope I got that right.
PLE₿
npub1jd…m0cwj
2024-07-04 06:15:47
in reply to nevent1q…v88e
Author Public Key
npub1jd0hhpc7ched2rgg2ej6smzdd5gzenpag48r2gea2pgynafqtevqwm0cwjPublished at
2024-07-04 06:15:47Event JSON
{
"id": "011b72307a4368f209b11b6c0a16422d17c747f38522a496e7a3f0308efe03bd",
"pubkey": "935f7b871ec5f2d50d085665a86c4d6d102ccc3d454e35233d505049f5205e58",
"created_at": 1720066547,
"kind": 1,
"tags": [
[
"e",
"f189bdc161f6d34ff1f16bc1f521481f517e523a3506218727146d9e33cb6009",
"",
"root"
],
[
"p",
"91add87d6911da5276afe8b316ab1f8688cfee2353853cf715c72c873245770f"
],
[
"client",
"Nostur",
"31990:9be0be0fc079548233231614e4e1efc9f28b0db398011efeecf05fe570e5dd33:1685868693432"
]
],
"content": "Proof of work = real world cost, energy input \nSHA256 = hashing algorithm \n\nDifficulty is determined by block target times. Under 10 minutes, increase difficulty; over 10 minutes, decrease.\n\nDifficultly is adjusted every 2016 blocks, or ~14 days.\n\nIt’s these combined with hard supply cap and strict issuance schedule that = magic internet money. \n\nI’m drunk, let’s hope I got that right.",
"sig": "2ebc7a40372bac57e90a80133c5dd6c956c8442a731ad4d09de5dac8fc37d6fed0b5e9971710a7b5806bff627303c70e745a8f00c4920fc0d0a26549592247f3"
}