On the trade-offs of Proof-of-Work algorithms in blockchains

被引：4
|
作者：
Chin, Zi Hau [1 ]
Yap, Timothy Tzen Vun [1 ]
Tan, Ian K. T. [1 ]
机构：
[1] Multimedia Univ, Persiaran Multimedia, Cyberjaya 63100, Malaysia
来源：
COMPUTATIONAL SCIENCE AND TECHNOLOGY (ICCST 2019) | 2020年 / 603卷
关键词：
Proof-of-Work; Blockchain; Bitcoin; Difficulty;
D O I：
10.1007/978-981-15-0058-9_55
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
There are many different protocols that regulate the way in which each node on a blockchain network is able to reach consensus that a newly created block is valid. One of the protocols, Proof-of-Work (PoW) gained popularity when it was implemented in a blockchain-based cryptocurrency known as Bitcoin. However, there are inherent deficiencies in its current implementation. This paper discusses these deficiencies, as well as the parameters that directly and indirectly affect its efficacy and performance so that possible enhancements to the protocol can be investigated.
引用
收藏
页码：575 / 584
页数：10
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