Proof-of-work algorithm

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf Consensus algorithm
gptkbp:alternativeTo gptkb:Proof-of-authority
gptkb:Proof-of-stake
gptkbp:award Block reward
gptkbp:category Cryptography
Distributed computing
Blockchain technology
gptkbp:criticizedFor Environmental impact
Centralization risk
gptkbp:difficultyAdjustment Yes
gptkbp:enables Mining
gptkbp:example gptkb:Ethash
gptkb:SHA-256
gptkb:Equihash
gptkb:Scrypt
gptkbp:firstUsedInYear 1997
gptkbp:introducedIn gptkb:Hashcash
1993
gptkbp:inventedBy gptkb:Cynthia_Dwork
gptkb:Moni_Naor
gptkbp:output gptkb:Proof
Cryptographic puzzle solution
Valid block
gptkbp:popularizedBy gptkb:Bitcoin_whitepaper
gptkbp:powerSource High
gptkbp:purpose Deter spam
Prevent double-spending
Secure blockchain
gptkbp:relatedTo ASIC
Hash function
Sybil attack prevention
GPU mining
Mining pool
Nonce
gptkbp:requires Electricity
Computational work
Specialized hardware
gptkbp:securityBasis Majority hash power
gptkbp:usedBy gptkb:Bitcoin
gptkb:Dogecoin
gptkb:Litecoin
gptkb:Ethereum_(pre-2022)
gptkbp:usedIn gptkb:cryptocurrency
Anti-spam systems
Blockchain networks
Distributed ledgers
gptkbp:vulnerableTo gptkb:51%_attack
gptkbp:bfsParent gptkb:RandomX
gptkb:Equihash
gptkbp:bfsLayer 7