Abstract | ||
---|---|---|
Most prominent cryptocurrencies utilize proof of work (PoW) to secure their operation, yet PoW suffers from two key undesirable properties. First, the work done is generally wasted, not useful for anything but the gleaned security of the cryptocurrency. Second, PoW is naturally outsourceable, leading to inegalitarian concentration of power in the hands of few so-called pools that command large portions of the system’s computation power. |
Year | Venue | Field |
---|---|---|
2017 | Financial Cryptography Workshops | Proof-of-work system,Computer security,Computer science,Outsourcing,Mathematical proof,Cryptocurrency,Computation |
DocType | Citations | PageRank |
Conference | 0 | 0.34 |
References | Authors | |
10 | 4 |
Name | Order | Citations | PageRank |
---|---|---|---|
Philip Daian | 1 | 17 | 3.19 |
Ittay Eyal | 2 | 304 | 26.11 |
Ari Juels | 3 | 7263 | 590.42 |
Emin Gün Sirer | 4 | 2520 | 246.08 |