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The network does not elect a leader. that is a mischaracterization of the PoW process.

It's not like you are hashing based on your public key or something and then you get to sign a block afterwards. You have to commit to a block template before every hash. And also the miner is decided randomly by a weighted hashrate.

Imagine applying this to anything else. The group with the most (extremely specialized) computer power just gets to decide everything?



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