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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, however, as the network has expanded to take on additional value storage and transaction volume, Bitcoin PoW's heavy ...
Michael Dubrovsky +2 more
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How to Prove Work: With Time or Memory
Proposed by Dwork and Naor (Crypto’ 92) as an anti-spam technique, proof-of-work is attracting more attention with the boom of cryptocurrencies. A proof-of-work scheme involves two types of participants, $\textit {i.e.}$ , provers and verifiers ...
Xiangyu Su +2 more
doaj +1 more source
Performance analysis and comparison of PoW, PoS and DAG based blockchains
In the blockchain, the consensus mechanism plays a key role in maintaining the security and legitimation of contents recorded in the blocks. Various blockchain consensus mechanisms have been proposed.
Bin Cao +6 more
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Paillier Cryptosystem Based ChainNode for Secure Electronic Voting
Blockchain is a distributed and decentralized ledger of transactions that are linked together cryptographically leading to immutability and tamper-resistance, thereby ensuring the integrity of data.
Buhari Ugbede Umar +3 more
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On the Issue of Using “Useful” Tasks for Proof of Works in Blockchain
This paper is a logical continuation of the paper about possible approaches to solving the “Useful Proof-of-work for blockchains” problem. We suggest some alternative ways for searching useful tasks for Proof-of-work systems.
Dmitry M. Murin, Vladimir N. Knyazev
doaj +1 more source
IMPROVING BYZANTINE FAULT TOLERANCE IN SWARM ROBOTICS COLLECTIVE DECISION-MAKING SCENARIO VIA A NEW BLOCKCHAIN CONSENSUS ALGORITHM [PDF]
Swarm robotics applies concepts of swarm intelligence to robotics. Discrete consensus achievement is one of the major behaviors found in swarm robotics. Various algorithms have been developed for discrete consensus achievement. However, existing discrete
Theviyanthan Krishnamohan
doaj +1 more source
Valuable Puzzles for Proofs-of-Work [PDF]
Proof-of-work (PoW) is used as the consensus mechanism in most cryptocurrencies. PoW-based puzzles play an important part in the operation and security of a cryptocurrency, but come at a considerable energy cost. One approach to the problem of energy wastage is to find ways to build PoW schemes from valuable computational problems.
Boyd, Colin Alexander, Carr, Christopher
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Mining Pool Manipulation in Blockchain Network Over Evolutionary Block Withholding Attack
In the current blockchain network, many participants rationally migrate the pool to receive a better compensation according to their contribution in situations where the pools they engage encounter undesirable attacks.
Seonggeun Kim, Sang-Geun Hahn
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Blockchains are being recently used as a supporting technology framework for decentralized applications requiring functionalities such as exchange of value through tokens, cryptocurrency and smart contracts.
Konstantinos Tsoulias +4 more
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Indistinguishable Proofs of Work or Knowledge [PDF]
We introduce a new class of protocols called Proofs of Work or Knowledge PoWorKs. In a PoWorK, a prover can convince a verifier that she has either performed work or that she possesses knowledge of a witness to a public statement without the verifier being able to distinguish which of the two has taken place.
Foteini Baldimtsi +3 more
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