proof-of-work system

GPTKB entity

Statements (34)
Predicate Object
gptkbp:instanceOf consensus mechanism
gptkbp:alternativeTo proof-of-stake system
gptkbp:category cryptography
distributed computing
gptkbp:criticizedFor environmental impact
high energy usage
gptkbp:enables decentralized consensus
Sybil attack resistance
gptkbp:example gptkb:SHA-256
gptkb:Scrypt
gptkbp:firstUsedInCryptocurrency gptkb:Bitcoin
https://www.w3.org/2000/01/rdf-schema#label proof-of-work system
gptkbp:introducedIn 1993
gptkbp:inventedBy gptkb:Cynthia_Dwork
gptkb:Moni_Naor
gptkbp:output transaction validation
block reward
gptkbp:purpose secure blockchain
prevent double-spending
resist spam
gptkbp:relatedConcept gptkb:cryptocurrency
gptkb:hashcash
mining
difficulty adjustment
nonce
gptkbp:requires energy consumption
computational work
finding a valid hash
gptkbp:usedIn gptkb:Bitcoin
gptkb:Litecoin
gptkb:Ethereum_(pre-2022)
gptkbp:bfsParent gptkb:Hashcash
gptkb:Adam_Back
gptkbp:bfsLayer 6