Questions tagged [proof-of-work]

This tag should be used for questions regarding how Proof of Work works and Proof of Work algorithms. Proof of Work is a scheme where a 3rd party can verify that someone performed at least a certain amount of work to produce something. This is used in Bitcoin mining.

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Can we measure bitcoin's accumulated work in terms of entropy (in bits) directly rather than expected number of hashes?

The Background Bitcoin tracks chain work by counting the (expected) minimum number of hashes it would take to create a chain of the same number of blocks and same difficulty steps[1]. Naturally, ...
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351 views

Probability of Orphaned Blocks

This is a question regarding the probability of orphaned blocks depending on the block interval. I am using Bitcoin vs Litecoin as an example. Assuming equal hash rate and number of transactions, ...
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400 views

Do multi-PoW currencies open up additional attack vectors on a blockchain?

I'm curious if there have been any technical evaluations of the vulnerabilities of cryptocurrencies that utilize more than one proof of work algorithm - for instance, myriadcoin or huntercoin. ...
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Proof-of-Stake: How to ensure immutability of the blockchain?

In Proof-of-Work, a miner tries to solve PoW puzzle based on the hash of previous block, such that in case of changing block B_i, all blocks after that (blocks B_i+1, B_i+2, ...) are no longer valid ...
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45 views

How to calculate economic security for bitcoin proof of work?

Is this the correct way to calculate security for bitcoin proof of work? https://twitter.com/drakefjustin/status/1356918733441294336 If a government or group of few rich people or organizations create ...
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security of the mining algorithms litecoin vs bitcoin - scrypt vs sha256?

how is the cryptanalysis' current state on both sha256 and litecoin's scrypt? is litecoin's scrypt on a security level like sha256? by security i simply mean ways to "break"/"de-cipher" the hash ...
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196 views

How to check that Genesis Block has valid proof of work using CheckProofOfWork() function?

I have been learning the ins and outs of the bitcoin source code over the past 3 months but I can say I have not fully mastered it yet. I wish to understand how the genesis block is validated using ...
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What's a good repo to fork if you want to create a blockchain like a “Math” coin or Curecoin. (mining equations, not hashes)

I want to create my own crypto currency and I want to know what's the best github repo to fork when it comes to making a blockchain that's based off of getting the miners to do mathematical ...
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1answer
36 views

When should proof-of-work be done? Does it involve in mining a coin? Can it be done without real transactions to be recorded?

I am trying to understand about what bitcoin is. I conceptualize bitcoin as a proof of work required when a new block (or new coin) is created. I also understand that a proof of work involves finding ...
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1answer
51 views

Why can't a 51% attack change past blocks on the blockchain?

I have read that it is not possible to reverse transactions already added to the blockchain but I do not understand why that is not possible in a 51% attack. If an attacker was to change the ...
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In a closed, working test network, how would I generate a signed block that a Bitcoin miner would otherwise create?

I have a POC where the essential, critical, priority goal is to use C# and the .NET Core Framework (Bouncy Castle for crypto, or Microsoft primitives for BigInteger ) where I do the following Accept ...
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Clarfication on “ network synchrounisation” in analyzing bitcoin protocol in a synchronous model

I am reading The Bitcoin Backbone Protocol:Analysis and Applications and i have no previous knowledge on different type of networks . And there is a term in paper " high network synchronicity &...
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189 views

How often should a mining pool be notifying workers about new work (cancelling current jobs)?

I'm trying to get a handle on the Stratum mining pool protocol. If I set up a mining pool client, I will initially get something to work on. Let's say it takes me a while (e.g. an hour) to solve the ...
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47 views

Validation methods beside POW etc

Are there other concepts for the validation of the next added block to the blockchain beside POW, POS etc.? Of cource there are, but is there a methode that is shining out of the mass? A methode that ...