Essays Tagged: "Proof-of-work system"


er network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longes ... t on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. 1. Introduction Commerce on the ...

(14 pages) 4 0 0.0 Oct/2014

Subjects: Art Essays > Works of Art