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Proof-of-Work (PoW) is a popular consensus protocol used by Bitcoin since its inception. PoW has the well-known flaw of assigning all the reward to the single miner (or pool) that inserts the new block. This has the consequence of making…

分布式、并行与集群计算 · 计算机科学 2022-07-13 Danilo Bazzanella , Andrea Gangemi

Proof-of-Work (PoW) is a Sybil control mechanism adopted in blockchain-based cryptocurrencies. It prevents the attempt of malicious actors to manipulate distributed ledgers. Bitcoin has successfully suppressed double-spending by accepting…

密码学与安全 · 计算机科学 2022-08-31 Suhyeon Lee , Donghwan Lee , Seungjoo Kim

Proof-of-Work (PoW) is a popular blockchain consensus algorithm that is used in cryptocurrencies like Bitcoin in which hashing operations are repeated until the resulting hash has certain properties. This approach uses lots of computational…

密码学与安全 · 计算机科学 2022-09-09 Felix Hoffmann

Bitcoin's Proof of Work (PoW) mechanism, while central to achieving decentralized consensus, has long been criticized for excessive energy use and hardware inefficiencies \cite{devries2018bitcoin, truby2018decarbonizing}. This paper…

密码学与安全 · 计算机科学 2025-08-19 Mohammad Ishzaz Asif Rafid , Morsalin Sakib

Bitcoin mining is a wasteful and resource-intensive process. To add a block of transactions to the blockchain, miners spend a considerable amount of energy. The Bitcoin protocol, named 'proof of work' (PoW), resembles a lottery and the…

分布式、并行与集群计算 · 计算机科学 2020-01-28 Andrei Lihu , Jincheng Du , Igor Barjaktarevic , Patrick Gerzanics , Mark Harvilla

Most cryptocurrencies rely on Proof-of-Work (PoW) "mining" for resistance to Sybil and double-spending attacks, as well as a mechanism for currency issuance. Hashcash PoW has successfully secured the Bitcoin network since its inception,…

密码学与安全 · 计算机科学 2020-02-04 Michael Dubrovsky , Marshall Ball , Bogdan Penkovsky

Proof-of-Work (PoW) systems face critical challenges, including excessive energy consumption and the centralization of mining power among entities with expensive hardware. Static mining pools exacerbate these issues by reducing competition…

密码学与安全 · 计算机科学 2025-04-25 Rizwanul Haque , SM Tareq Aziz , Tahrim Hossain , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tariqul Islam

An important feature of Proof-of-Work (PoW) blockchains is full dynamic availability, allowing miners to go online and offline while requiring only 50% of the online miners to be honest. Existing Proof-of-stake (PoS), Proof-of-Space and…

密码学与安全 · 计算机科学 2021-02-22 Soubhik Deb , Sreeram Kannan , David Tse

Bitcoin is the first of its kind, a truly decentralized and anonymous cryptocurrency. To realize it, it has developed blockchain technology using the concept of `Proof of Work' (PoW). The miners, nodes responsible for writing transaction…

密码学与安全 · 计算机科学 2022-10-14 Yash Chaurasia , Visvesh Subramanian , Sujit Gujar

Proof of Work (PoW) has extensively served as the foundation of blockchain's security, consistency, and tamper-resistance. However, long has it been criticized for its tremendous and inefficient utilization of computational power and…

分布式、并行与集群计算 · 计算机科学 2025-03-04 Weihang Cao , Xintong Ling , Jiaheng Wang , Xiqi Gao , Zhi Ding

Proof-of-work (PoW) is an algorithmic tool used to secure networks by imposing a computational cost on participating devices. Unfortunately, traditional PoW schemes require that correct devices perform computational work perpetually, even…

分布式、并行与集群计算 · 计算机科学 2018-02-20 Diksha Gupta , Jared Saia , Maxwell Young

Proof-of-Work (PoW) is a fundamental underlying technology behind most major blockchain cryptocurrencies. It has been previously pointed out that quantum devices provide a computational advantage in performing PoW in the context of Bitcoin.…

量子物理 · 物理学 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado

A principal vulnerability of a proof-of-work ("PoW") blockchain is that an attacker can re-write the history of transactions by forking a previously published block and build a new chain segment containing a different sequence of…

密码学与安全 · 计算机科学 2023-09-27 Daniel Aronoff , Isaac Ardis

Proof-of-Work (PoW) consensus is traditionally analyzed under the assumption that all miners incur similar costs per unit of computational effort. In reality, costs vary due to factors such as regional electricity cost differences and…

计算机科学与博弈论 · 计算机科学 2025-05-29 Yogev Bar-On , Ilan Komargodski , Omri Weinstein

In Proof-of-Work (PoW) blockchains, the average waiting time to generate a block is inversely proportional to the computing power of the miner. To reduce the average block generation time, a group of individual miners can form a mining pool…

密码学与安全 · 计算机科学 2021-04-06 Long Shi , Taotao Wang , Jun Li , Shengli Zhang

We revisit the longstanding open problem of implementing Nakamoto's proof-of-work (PoW) consensus based on a real-world computational task $T(x)$ (as opposed to artificial random hashing), in a truly permissionless setting where the miner…

密码学与安全 · 计算机科学 2025-11-14 Ilan Komargodski , Omri Weinstein

Blockchains have recently gained popularity thanks to their ability to record "digital truth". They are designed to keep persistence, security, and avoid attacks which is useful for many applications. However, they are still problematic in…

密码学与安全 · 计算机科学 2019-01-14 David Amar , Lior Zilpa

While Proof-of-Work (PoW) is the most widely used consensus mechanism for blockchain, it received harsh criticism due to its massive waste of energy for meaningless hash calculation. Some studies have introduced Proof-of-Stake to address…

分布式、并行与集群计算 · 计算机科学 2020-04-02 Weilin Zheng , Xu Chen , Zibin Zheng , Xiapu Luo , Jiahui Cui

This paper opts to mitigate the energy-inefficiency of the Blockchain Proof-of-Work (PoW) consensus algorithm by rationally repurposing the power spent during the mining process. The original PoW mining scheme is designed to consider one…

密码学与安全 · 计算机科学 2020-07-09 Noureddine Lasla , Lina Alsahan , Mohamed Abdallah , Mohamed Younis

Many blockchain systems today, including Bitcoin, rely on Proof of Work (PoW). Proof of work is crucial to the liveness and security of cryptocurrencies. The assumption when using PoW is that a lot of trial and error is required on average…

密码学与安全 · 计算机科学 2021-11-09 Maya Dotan , Saar Tochner
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