April 16, 2024, 4:10 a.m. | Zishuo Zhao, Zhixuan Fang, Xuechao Wang, Yuan Zhou

cs.CR updates on arXiv.org arxiv.org

arXiv:2404.09005v1 Announce Type: new
Abstract: Most concurrent blockchain systems rely heavily on the Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms for decentralized consensus and security assurance. However, the substantial energy expenditure stemming from computationally intensive yet meaningless tasks has raised considerable concerns surrounding traditional PoW approaches, The PoS mechanism, while free of energy consumption, is subject to security and economic issues. Addressing these issues, the paradigm of Proof-of-Useful-Work (PoUW) seeks to employ challenges of practical significance as PoW, thereby imbuing energy …

arxiv assurance blockchain cs.ai cs.cr cs.et cs.gt cs.lg decentralized energy free mechanism pos pow proof security security assurance stake systems work

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