Replacing Cryptopuzzles with Useful Computation in Blockchain
Proof-of-Work Protocols
Replacing Cryptopuzzles with Useful Computation in Blockchain
Proof-of-Work Protocols
Proof-of-Work (PoW) blockchains have emerged as a robust and effective consensus mechanism in open environments like the Internet, leading to widespread deployment with numerous cryptocurrency platforms and substantial investments. However, the current PoW implementation primarily focuses on validating the discovery of a winning nonce. Exploring the notion of replacing cryptographic …