Examples of 'proof-of-work' in a sentence
Meaning of "proof-of-work"
In the context of cryptocurrencies, proof-of-work is a method that ensures transactions are legitimate by requiring users to perform a certain amount of computational work
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- Alternative spelling of proof of work
How to use "proof-of-work" in a sentence
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proof-of-work
The notion of work giving value to currency is referred to as a proof-of-work system.
The currency is based on proof-of-work and there are slight variations in block rewards.
The mining process gives bitcoins their value and is referred to as a proof-of-work system.
The cost of securing via proof-of-work is fundamentally linked to the cost of power.
Proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour.
The bitcoin protocol uses a concept known as proof-of-work to validate its transactions.
It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions.
And this difficulty basically represents how hard it was to solve that proof-of-work puzzle.
One of the core problems with Proof-of-Work is the problem of quickly processing each chain.
Bitcoin has some specific security for writing data due to the burden of proof-of-work.
Enable mining to take place free of Proof-of-Work and the associated costs in a secure way.
The proof-of-work system favours users with very powerful computers capable of executing these computations.
The mining on the hard drive is way more energy efficient than the regular Proof-of-Work.
Delayed proof-of-work provides developers with the ability to conduct fast transactions on their independent blockchains.
Litecoin transactions are confirmed four times faster than bitcoin by using an easier proof-of-work system.
See also
Bitcoin blockchain with its Proof-of-Work provides securities and decentralization but leaving its scalability as bottleneck.
The bitcoin network works in parallel to generate a chain of Hashcash style proof-of-work.
His inventions include hashcash proof-of-work and decentralized mining functions used in Bitcoin.
Ripple does not depend on the energy and computing intensive proof-of-work as used by Bitcoin.
Both Bitcoin and Litecoin use proof-of-work to validate and secure transactions on their networks.
Ripple does not rely on the energy and computing intensive proof-of-work that is used by Bitcoin.
The Dogecoin ledger uses the proof-of-work consensus mechanism to validate the transactions on its blockchain.
He was also responsible for creating the first reusable proof-of-work system prior to Bitcoin.
Proof-of-work is what safeguards the blockchain.
Namely Qtum blockchain mixes the proof-of-work consensus and the smart contracts technology.
Miners are the ones making Bitcoin possible by securing the network through a Proof-of-Work algorithm.
It is hybrid because it mixes Proof-of-Work with Practical Byzantine Fault Tolerance consensus.
The document says one can generate the Merkle trees as a solution to a proof-of-work challenge.
Proof-of-work is outdated compared to other protocols.
The second major difference between Litecoin and Bitcoin is in the Proof-of-Work algorithms they use.
Proof-of-work is what makes bitcoin fundamentally immutable.
The Bitcoin Green Foundation believes in a future without proof-of-work cryptocurrencies.
It uses Proof-of-Work mining for its operation.
There are two classes of proof-of-work protocols.
Proof-of-work consensus requires a network of miners to process transactions.
Features of the delayed proof-of-work mechanism.
Returns the proof-of-work difficulty as a multiple of the minimum difficulty.
Prime numbers are what build its proof-of-work.
Bitcoin mining relies on Proof-of-Work to maintain its ledger.
Dogecoin miners proof the transactions via proof-of-work.
Approaches such as proof-of-work are ruled out by this.
In order to do so, miners solve a puzzle known as a proof-of-work problem.
The proof-of-work algorithms run by bitcoin miners are needlessly complex.
Bitcoin prevents double spending by a proof-of-work function.
Although the current proof-of-work is not completely finalized, he said.
Dogecoin employs scrypt technology as its proof-of-work scheme.
This proof-of-work mechanism is what keeps the network honest.
Thus emission and verification are done on the proof-of-work basis.
Bitmessage uses a proof-of-work system to protect the network from flooding.
The first timestamping scheme invented was the proof-of-work scheme.
