New answers tagged proof-of-work
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Probability of Orphaned Blocks
Equation 2 in the following paper derives the math for estimating orphan rate if you know the propagation delay of winning block headers travelling across the mining network. The propagation delay has ...
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Why doesn't Bitcoin's PoW algorithm use a chain of lower-difficulty hashes?
As is usually the case in Bitcoin, the reason the PoW algorithm works the way it does is because it was the best Satoshi could come up with, and now we're stuck with it unless we do a hard fork.
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Accepted
Why doesn't Bitcoin's PoW algorithm use a chain of lower-difficulty hashes?
That would violate the progress-free property of mining, which is very desirable.
If miners have to construct multiple PoWs per block, that means they (private) accumulate points, and the first one to ...
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