Bitmessage echo server12/27/2022 ![]() ![]() I have edited it with a better explanation. Note: The original version of this article had a highly inaccurate description of this problem. How can two or more generals with geographically separated armies coordinate a synchronized attack, even if the generals don't necessarily trust each-other? In academia, this problem has been known as the Two Generals Problem or Byzantine Fault / Byzantine Generals Problem Now, if you ARE familiar with Bitcoin, you may know that it's famous for being the 1st solution to a long-standing problem in computer science. If that is the case for you, I would recommend reading the webcomic version of the original Bitcoin whitepaper on coinspice.io first. If you are unfamiliar with what Bitcoin is and how it works, the claims I'm about to make might be confusing or hard to believe. ![]() Brief Introduction to Bitcoin and crypto-currency in general ![]() However, it's worth enough to be merge-mined, and that's a good thing, because it enables us to use Namecoin while enjoying the same strong consensus and proof-of-work guarantees that Bitcoin enjoys. Namecoin isn't worth much, and there is currently only one exchange trading it, the NMC/BTC trading pair on (Looks like livecoin is no more, check the exchanges list on for alternatives). This means that Namecoin latches on to the mining power of the Bitcoin blockchain, and in return, Bitcoin miners are rewarded with Namecoin and Bitcoin at the same time. It still exists today and has good security, primarily because it can be merge-mined with Bitcoin. Namecoin is an old crypto-currency, one of the original forks of Bitcoin. ![]()
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