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Cryptocurrencies have gained popularity due to their transparency, security, and accessibility compared to traditional financial systems, with Bitcoin, introduced in 2009, leading the market. Bitcoin's security relies on blockchain…

密码学与安全 · 计算机科学 2024-11-12 Dinitha Wijewardhana , Sugandima Vidanagamachchi , Nalin Arachchilage

PAI Coin's Proof-of-Work (PoW) consensus mechanism utilizes the double SHA-256 hashing protocol-- the same mechanism used by Bitcoin Core. This compatibility with classic Bitcoin-style mining provides low barrier to entry for PAI Coin…

分布式、并行与集群计算 · 计算机科学 2019-02-22 Mark Harvilla , Jincheng Du

Most concurrent blockchain systems rely heavily on the Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms for decentralized consensus and security assurance. However, the substantial energy expenditure stemming from computationally…

密码学与安全 · 计算机科学 2026-05-05 Zishuo Zhao , Zhixuan Fang , Xuechao Wang , Xi Chen , Hongxu Su , Haibo Xiao , Yuan Zhou

Proof of Work (PoW) is a Sybil-deterrence security mechanism. It introduces an external cost to a system by requiring computational effort to perform actions. However, since its inception, a central challenge was to tune this cost. Initial…

密码学与安全 · 计算机科学 2021-08-05 Itay Tsabary , Alexander Spiegelman , Ittay Eyal

As cryptographic tokens and altcoins are increasingly being built to serve as utility tokens, the notion of useful work consensus protocols, as opposed to number-crunching PoW consensus, is becoming ever more important. In such contexts,…

密码学与安全 · 计算机科学 2019-05-13 Michał Król , Alberto Sonnino , Mustafa Al-Bassam , Argyrios Tasiopoulos , Ioannis Psaras

We present the new mining protocol Proof-of-Reputation (PoR) for decentralized Proof-of-Work (PoW) blockchains, in particular for Bitcoin. PoR combines the classical PoW with the new ingredient of cryptographic reputation. The same level of…

密码学与安全 · 计算机科学 2023-02-15 Cyril Grunspan , Ricardo Perez-Marco

Proof-of-Work (PoW) consensus mechanism is popular among current blockchain systems, which leads to an increasing concern about the tremendous waste of energy due to massive meaningless computation. To address this issue, we propose a novel…

分布式、并行与集群计算 · 计算机科学 2022-11-15 Canhui Chen , Zerui Cheng , Shutong Qu , Zhixuan Fang

A proof of work (PoW) is an important cryptographic construct enabling a party to convince others that they invested some effort in solving a computational task. Arguably, its main impact has been in the setting of cryptocurrencies such as…

量子物理 · 物理学 2023-03-15 Alexandru Cojocaru , Juan Garay , Aggelos Kiayias , Fang Song , Petros Wallden

Blockchain technology enables secure, transparent data management in decentralized systems, supporting applications from cryptocurrencies like Bitcoin to tokenizing real-world assets like property. Its scalability and sustainability hinge…

密码学与安全 · 计算机科学 2025-04-25 Zan-Kai Chong , Hiroyuki Ohsaki , Bryan Ng

Proof of Work (PoW) blockchains burn a lot of energy. Proof-of-work algorithms are expensive by design and often only serve to compute blockchains. In some sense, carbon-based and non-carbon based regional electric power is fungible. So the…

密码学与安全 · 计算机科学 2024-04-09 Agron Gemajli , Shivam Patel , Phillip G. Bradford

Although proof of work (PoW) consensus dominates the current blockchain-based systems mostly, it has always been criticized for the uneconomic brute-force calculation. As alternatives, energy-conservation and energy-recycling mechanisms…

密码学与安全 · 计算机科学 2022-11-03 Shengling Wang , Lina Shi , Hongwei Shi , Yifang Zhang , Qin Hu , Xiuzhen Cheng

Proof-of-Work (PoW) is a fundamental method in decentralized digital networks for establishing consensus on a shared ledger. By requiring network participants to solve a mathematical puzzle, PoW maintains network integrity. However, PoW has…

密码学与安全 · 计算机科学 2026-05-12 Chong Guan

A blockchain is a decentralized ledger where all transactions are recorded. For having a reliable blockchain and double-spending prevention, we need a decentralized consensus and agreement on a blockchain. Bitcoin uses proof-of-work (PoW).…

密码学与安全 · 计算机科学 2019-05-06 Siamak Solat

Cryptocurrencies that are based on Proof-of-Work (PoW) often rely on special purpose hardware to perform so-called mining operations that secure the system, with miners receiving freshly minted tokens as a reward for their work. A notable…

密码学与安全 · 计算机科学 2023-10-20 Aviv Yaish , Aviv Zohar

While cryptocurrencies and blockchain applications continue to gain popularity, their energy cost is evidently becoming unsustainable. In most instances, the main cost comes from the required amount of energy for the Proof-of-Work, and this…

密码学与安全 · 计算机科学 2019-08-20 Philippe Jacquet , Bernard Mans

Cryptocurrency achieves distributed consensus using proof of work (PoW). Prior research in blockchain security identified financially incentivized attacks based on withholding blocks which have the attacker compromise a victim pool and pose…

密码学与安全 · 计算机科学 2020-09-01 Sang-Yoon Chang

A soft control of the network activity through varying reward in a proof-of-work (PoW) cryptocurrency is reported. Rewards are the necessity to incent the contributors activities (i.e., mining) in order to maintain the PoW network. Contrary…

计算机与社会 · 计算机科学 2014-09-30 Joe Lao

Proof-of-Work (PoW) blockchains have emerged as a robust and effective consensus mechanism in open environments, leading to widespread deployment with numerous cryptocurrency platforms and substantial investments. However, the commonly…

密码学与安全 · 计算机科学 2024-05-15 Andrea Merlina , Thiago Garrett , Roman Vitenberg

Blockchain stores information into a chain of "blocks", whose integrity is usually guaranteed by Proof of Work (PoW). In many blockchain applications (including cryptocurrencies), users compete with each other to win the ownership of the…

密码学与安全 · 计算机科学 2018-10-09 Wei Li

The security and decentralization of Proof-of-Work (PoW) have been well-tested in existing blockchain systems. However, its tremendous energy waste has raised concerns about sustainability. Proof-of-Useful-Work (PoUW) aims to redirect the…

密码学与安全 · 计算机科学 2025-12-16 Weihang Cao , Mustafa Doger , Sennur Ulukus