Difference between revisions of "Proof-of-X"
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| + | = General = |
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| + | Goal: Secure updating of a state |
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| + | Block time: trade off between time |
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= Proof of Work = |
= Proof of Work = |
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| − | Right to create new block: solve puzzle based on external |
+ | * Right to create new block: be the first to solve a puzzle based on consumption of a resource external to the system |
| + | * Miners choose one of all possible forks to contribute to (or splits among chains but with reduced efficiency per chain) |
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== Light Clients == |
== Light Clients == |
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Revision as of 21:21, 21 November 2016
General
Goal: Secure updating of a state
Block time: trade off between time
Proof of Work
- Right to create new block: be the first to solve a puzzle based on consumption of a resource external to the system
- Miners choose one of all possible forks to contribute to (or splits among chains but with reduced efficiency per chain)
