English

Proof of spending in block-chain systems

Cryptography and Security 2018-05-22 v4 Information Theory math.IT
Authors: Chunlei Liu
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Abstract

We introduce proof of spending in a block-chain system. In this system the probability for a node to create a legal block is proportional to the total amount of coins it has spent in history.

Keywords

blockchain and cryptocurrency blockchain

Cite

@article{arxiv.1804.11136,
  title  = {Proof of spending in block-chain systems},
  author = {Chunlei Liu},
  journal= {arXiv preprint arXiv:1804.11136},
  year   = {2018}
}

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