commit f3e1c615fa5a6b91af663a9a6e5ce2d41e044c3a
parent aa59db3c90b2cb80ef36ec7f915ccc3fed8b624b
Author: Christian Grothoff <christian@grothoff.org>
Date: Fri, 28 Jan 2022 19:24:15 +0100
edits
Diffstat:
1 file changed, 2 insertions(+), 2 deletions(-)
diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex
@@ -94,8 +94,8 @@ transparent (Bitcoin, Ethereum), while others allow private transactions
Crypto-currencies do not have a central bank controlling the rules governing
the currency. Instead, software developers program rules into algorithms. New
rules are adopted if they find the consensus of the ``miners'' (for
-crypto-currencies using proof-of-work) or ``stakeholders'' (for
-crypto-currencies using proof-of-stake). In general, the rules are written to
+crypto-currencies using proof of work) or ``stakeholders'' (for
+crypto-currencies using proof of stake). In general, the rules are written to
produce some artificial scarcity of the currency minted according to the
rules, so as to convince hoarders of the value of their limited-edition
bitstrings. A key design challenge is thus to provide ample rewards to
