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For anyone interested in the code behind the halving, I had some fun dissecting the GetBlockSubsidy() function that takes care of halving & ending of block subsidy [1].

It continues to amaze me that I struggle to set up a 5-node database cluster without one going out-of-sync or split-braining every few weeks, yet the bitcoin network manages to keep thousands of miners in-sync. This has to be the best example of eventual consistency in a production network.

[1] https://ma.ttias.be/dissecting-code-bitcoin-halving/



This is why Blockchain is such an elegant solution to distributed consensus.

I prefer calling it a distributed mechanism for emergent consensus. Consensus is not achieved explicitly - there is no election or fixed moment when consensus occurs. Instead, consensus is an emergent product of the asynchronous interaction of thousands of independent nodes, all following protocol rules.




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