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How networks work

Consensus is not agreement about truth or value; it is agreement about the order of transactions and which valid history counts.

10课程
77 minreading in all
Working knowledgewhere it starts
01

Lessons in this track

01 What is a blockchain network actually agreeing on?Consensus is not agreement about truth or value; it is agreement about the order of transactions and which valid history counts. 7 min · Working knowledge 02 Proof of work: what the electricity actually buysMining converts energy into a cost of rewriting history; the security claim rests on that cost, not on the arithmetic being difficult. 7 min · Working knowledge 03 Proof of stake: the bond a validator postsStaking swaps an external energy cost for capital locked inside the system that the protocol can destroy when a validator signs two histories. 8 min · Working knowledge 04 Why confirmed means different things on different chainsProbabilistic depth, economic finality and per-block agreement are three different promises, and confirmation counts are institutions translating them. 8 min · Advanced 05 Forks and reorganizations, and what each one costsA fork may be a one-block race, a coordinated rule change, or an attack; the three differ in cost by orders of magnitude. 8 min · Advanced 06 Who miners and validators are, and how they get paidBlock producers are businesses with power bills or locked capital, earning from new issuance, user fees, and the value of ordering transactions. 7 min · Foundation 07 The security budget and what happens as the subsidy fallsBlock rewards pay for security now; on capped-supply chains fees must grow into that role, and no mechanism guarantees they will. 8 min · Advanced 08 What a node does, and why running one mattersA full node checks every rule itself; light clients, archive nodes and hosted endpoints each trade part of that checking for convenience. 7 min · Foundation 09 How a network upgrades itself, and who actually decidesChanges travel through proposals, client releases and coordinated activation, and the decisive power belongs to whoever chooses to run the software. 8 min · Working knowledge 10 What a layer 2 inherits from its layer 1, and what it does notRollups borrow data availability and settlement from a base chain, while sequencing, upgrade keys and withdrawal delays remain their own risks. 9 min · Advanced
02

Other tracks

10 课程

DeFi

10 课程

Institutional access and regulation

10 课程

Market structure

10 课程

Protocol economics

12 课程

Risk

8 课程

Stablecoins and payments

10 课程

Start here

10 课程

Supply and issuance

6 课程

Using this site

12 课程

Valuation

Digital Asset DatabaseDigital asset research & education

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