Sprints: Intermittent Blockchain PoW Mining

ePrint Report: Sprints: Intermittent Blockchain PoW Mining

Michael Mirkin, Lulu Zhou, Ittay Eyal, Fan Zhang

Cryptocurrencies and decentralized platforms are rapidly gaining traction since Nakamoto's discovery of Bitcoin's blockchain protocol.
These systems use Proof of Work (PoW) to achieve unprecedented security for digital assets.
However, the significant power consumption and ecological impact of PoW are leading policymakers to consider stark measures against them and prominent systems to explore alternatives.
But these alternatives imply stepping away from key security aspects of …

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