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The Byzantine Generals Problem is a classic issue in distributed systems where multiple parties must agree on a single course of action despite potential traitors or failures. Bitcoin addresses this problem through its proof-of-work consensus mechanism, enabling decentralized trust without a central authority.
By using cryptographic puzzles and a public ledger, Bitcoin ensures that all participants in the network can reach consensus on transaction validity, preventing double-spending and attacks. This solution has made Bitcoin a revolutionary product in digital currencies, offering security and reliability in peer-to-peer transactions. |
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