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ETC Proof of Work Course: 9. The Meaning of Immutability in POW
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In the previous class, 8, we talked about how proof of work (POW) promotes basic rights on a global scale.
One of the most important features of POW that guarantees these basic rights is the immutability of the ledger with accounts, balances, and smart contracts.
In this class, 9, we will explain the concept of immutability in the blockchain industry and why it is important.
The topics that we will touch will be:
- What is immutability
- Why immutability must be a core value
- Immutability of past history
- Immutability of future history
- How POW guarantees immutability
- Only users control their money, dapps, and assets
One of the most important features of POW that guarantees these basic rights is the immutability of the ledger with accounts, balances, and smart contracts.
In this class, 9, we will explain the concept of immutability in the blockchain industry and why it is important.
The topics that we will touch will be:
- What is immutability
- Why immutability must be a core value
- Immutability of past history
- Immutability of future history
- How POW guarantees immutability
- Only users control their money, dapps, and assets
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