Theoretical bitcoin without specific difficulties: the world without consensus

Let us examine in the test of thought what can happen if Bitcoin suddenly lost the objective power mechanism. In this scenario, the Bitcoin nodes would no longer have a limited number of mining tasks carried out in each block, and the process of validation of the new blocks and the creation of a consensus in the block chain will stop working.

The role of objective difficulty

Objective difficulties are an important part of Bitcoin’s validation process. Establishes the limit in the number of mining tasks that can be carried out in a given calendar (currently established 2 ^157.5 s ^(-1) for a work certificate based on SIA). This mechanism ensures that:

* SECURITY : The calculated force required for the new blocks is limited, which reduces the risk of concentrating the harmful network and actors.

* Scalability : Objective difficulties help distribute the mining workload in several nodes, preventing any single node from being too effective and managing the block chain.

* Consensus : Objective difficulties make sure that all nodes have the same opportunity to propose new validation loops, preventing a small group of nodes from manipulating the result.

Without difficulties Objective: The world without consensus

If Bitcoin nodes suddenly lose the objective difficulty mechanism, the resulting system would be considerably different. Here are some possible effects:

* Without consensus : Without a mechanism to validate new blocks, there is no way to create a uniform blockchain understanding. The different nodes may have variable opinions about the content of the current block, which leads to confusion and possible conflicts.

* Centralized management : Without specific difficulties, any node can only become a real central authority, administer the network and make arbitrary decisions. This would weaken confidence in decentralized networks and lead to the loss of user autonomy.

* Greater risk of censorship : Because nodes may have different opinions about block content, they can decide to censor or eliminate certain blocks to maintain their own integrity. This can lead to a lack of transparency and prevents the free flow of information online.

* It is not a way of updating

: The current system is based on updates and changes in a protocol to increase gravity. Without this mechanism, updates would be difficult to implement because nodes should adapt to new rules and regulations.

** Current work-

On the contrary, work certificates such as Ethereum use a more complex system that contains multiple components that include:

* HASH FUNCTIONS : Nodes create encryption transactions and blocks used to create a digital signature.

* Input certificate (POS) : Instead of mining, nodes vote for new events with their existing currencies. This mechanism encourages nodes to maintain the network and participate in validation.

The Ethereum Post system depends on the objective difficulty mechanism, where the nodes have a limited number of mining tasks that are carried out in each block. This ensures that:

* Security : The calculated force required for new blocks is limited, which reduces the risk of centralization.

* scalable : destination difficulties help distribute the mining workload in several nodes.

* Consensus : Objective difficulties make sure that all nodes have the same opportunity to propose new validation blocks.

conclusion

A world without difficulty would be basically a different place. Although it may seem attractive to control decentralized control and greater security, lack of consensus and potential censorship risks do not very practical.