Proof of Work

GPTKB entity

Statements (114)
Predicate Object
gptkbp:instance_of gptkb:political_negotiations
gptkbp:application ensures transaction finality
validates blocks
gptkbp:can_be_combined_with other consensus mechanisms
gptkbp:can_lead_to centralization of mining
gptkbp:concept has evolved over time
ensures fairness in mining
gptkbp:created new coins
gptkbp:dependency network difficulty
gptkbp:designed_by gptkb:Satoshi_Nakamoto
gptkbp:ensures network integrity
gptkbp:has_led_to environmental concerns
https://www.w3.org/2000/01/rdf-schema#label Proof of Work
gptkbp:introduced_in gptkb:2008
gptkbp:involves hashing functions
difficulty adjustment
block creation
solving cryptographic puzzles
gptkbp:is_a_consensus_method_that has been widely adopted.
gptkbp:is_a_foundation_for gptkb:cryptocurrency
gptkbp:is_a_framework_for supports decentralized applications
gptkbp:is_a_solution_for Sybil attacks
gptkbp:is_a_subject_of debate in cryptocurrency communities
gptkbp:is_adopted_by gptkb:Litecoin
gptkb:Monero
gptkb:Dogecoin
gptkbp:is_affected_by hardware advancements
gptkbp:is_alternative_to Proof of Stake
gptkbp:is_associated_with mining pools
block rewards
gptkbp:is_based_on difficulty adjustment
gptkbp:is_considered_as a solution to Byzantine Generals Problem
gptkbp:is_criticized_for environmental impact
high energy consumption
gptkbp:is_described_as gptkb:Bitcoin_whitepaper
gptkbp:is_essential_for network security
gptkbp:is_evaluated_by hash rate
gptkbp:is_implemented_in gptkb:Zcash
gptkb:Dash
various cryptocurrencies
gptkbp:is_often_compared_to gptkb:Delegated_Proof_of_Stake
Proof of Authority
gptkbp:is_opposed_by Proof of Stake
gptkbp:is_part_of gptkb:blockchain_technology
gptkbp:is_subject_to market fluctuations
51% attack
gptkbp:is_used_in gptkb:NEM
gptkb:Nexus
gptkb:Nervos_Network
gptkb:fan_fiction
gptkb:Bitcoin_SV
gptkb:Litecoin
gptkb:Monero
gptkb:Hobgoblin
gptkb:Telos
gptkb:Cardano
gptkb:Elrond
gptkb:Zilliqa
gptkb:Bitcoin_Cash
gptkb:Dogecoin
gptkb:Waves
gptkb:Aeternity
gptkb:Bit_Shares
gptkb:Cloak_Coin
gptkb:Factom
gptkb:Haven_Protocol
gptkb:Komodo
gptkb:PIVX
gptkb:Peercoin
gptkb:Ravencoin
gptkb:Reddcoin
gptkb:Siacoin
gptkb:Steem
gptkb:Syscoin
gptkb:Vertcoin
gptkb:Zcoin
gptkb:Algorand
gptkb:Ethereum_Classic
gptkb:Kadena
gptkb:Celo
Grin
Firo
gptkbp:is_used_to validate transactions
gptkbp:is_vulnerable_to 51% attacks
gptkbp:key_feature Bitcoin's protocol
gptkbp:legal_principle underlies many blockchain projects
gptkbp:marketing_strategy incentivizes honest behavior
gptkbp:mechanism_of_action achieving distributed consensus
facilitates network growth
gptkbp:model has inspired other consensus mechanisms
gptkbp:prize_pool gptkb:coal
gptkbp:protocol enforces rules of the network
gptkbp:provides security against double spending
gptkbp:related_to mining
gptkbp:requires block rewards
computational power
network participants
gptkbp:system has scalability challenges
requires energy consumption
gptkbp:technique transaction verification
has been criticized for its impact on the environment
creates trustless environments
enables peer-to-peer transactions
prevents spam attacks
requires participants to compete
gptkbp:used_by gptkb:Bitcoin
Ethereum (prior to Ethereum 2.0)
gptkbp:used_in gptkb:Bitcoin
Ethereum (until 2022)
gptkbp:was_a_factor_in mining difficulty
gptkbp:bfsParent gptkb:Bitcoin
gptkb:Ethereum
gptkb:Litecoin
gptkbp:bfsLayer 4