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Inflation Propensity of Collatz Orbits: A New Proof-of-Work for Blockchain Applications

Inflation Propensity of Collatz Orbits: A New Proof-of-Work for Blockchain Applications

Cryptocurrencies such as Bitcoin rely on a proof-of-work system to validate transactions and prevent attacks or double-spending. A new proof-of-work is introduced which seems to be the first number theoretic proof-of-work unrelated to primes: it is based on a new metric associated to the Collatz algorithm whose natural generalization is …