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?
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?