A Quick Tour To The Game Theory of Bitcoin
Bitcoins are made from a number guessing game played by a group of players. In this game, assume we start with two players. The game has limitless rounds. In the first round, the players need to guess a number between 0 and 100. Let’s say only 100 of these numbers are captivating numbers. Once a winning number is found, the round ends and a novel round begins. These winning numbers change after each round. The first player to properly guess any winning number gathers a reward in the form of 12.5 bitcoins which is produced by the game. Understanding all the basic to advanced concepts of game theory with our .