Bitcoin’s underlying consensus algorithm, Proof of Work, is of inefficient nature. Due to the sheer size that Bitcoin has grown to over the recent years, power consumption has increased so much that the Bitcoin network has been estimated to consume more power than the whole country of Ireland. This paper investigates several alternatives to the Proof of Work consensus algorithm, with a focus on energy efficiency. We found permissioned and permissionless consensus algorithms that offer solutions that consume significantly less energy than Proof of Work.CSE3000 Research ProjectComputer Science and Engineerin
Ethereum (ETH) is a popular Layer-1 blockchain platform that has been used to create decentralized a...
The wide range of Blockchain (BC) applications and BC’s ubiquity come from the fact that BC, as a co...
One of the Bitcoin\u27s innovations is the Proof of Work puzzle (aka scratch-off puzzle) as a consen...
Proof of Work Cryptocurrencies struggle in the modern world because of their tremendous energy outpu...
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Electrical Engineering and Comp...
Blockchain already has gained popularity due to its highly secured network and same time enormous co...
The objective of this thesis is to understand and evaluate the two popular consensus mechanisms of b...
Recent attention to Bitcoin and other cryptocurrencies has opened investors and the public to the re...
Blockchain technology considers the central technology that is used within many applications used fr...
International audienceThe blockchain is a new technology that attracts several actors since 2009, an...
The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Bl...
Blockchain technology is gaining a lot of attention in various fields, such as intellectual property...
While cryptocurrencies continue to gain popularity, their energy cost is increasingly becoming unsus...
The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Bl...
Popular permissionless distributed ledger technology (DLT) systems using proof-of-work (PoW) for Syb...
Ethereum (ETH) is a popular Layer-1 blockchain platform that has been used to create decentralized a...
The wide range of Blockchain (BC) applications and BC’s ubiquity come from the fact that BC, as a co...
One of the Bitcoin\u27s innovations is the Proof of Work puzzle (aka scratch-off puzzle) as a consen...
Proof of Work Cryptocurrencies struggle in the modern world because of their tremendous energy outpu...
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Electrical Engineering and Comp...
Blockchain already has gained popularity due to its highly secured network and same time enormous co...
The objective of this thesis is to understand and evaluate the two popular consensus mechanisms of b...
Recent attention to Bitcoin and other cryptocurrencies has opened investors and the public to the re...
Blockchain technology considers the central technology that is used within many applications used fr...
International audienceThe blockchain is a new technology that attracts several actors since 2009, an...
The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Bl...
Blockchain technology is gaining a lot of attention in various fields, such as intellectual property...
While cryptocurrencies continue to gain popularity, their energy cost is increasingly becoming unsus...
The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Bl...
Popular permissionless distributed ledger technology (DLT) systems using proof-of-work (PoW) for Syb...
Ethereum (ETH) is a popular Layer-1 blockchain platform that has been used to create decentralized a...
The wide range of Blockchain (BC) applications and BC’s ubiquity come from the fact that BC, as a co...
One of the Bitcoin\u27s innovations is the Proof of Work puzzle (aka scratch-off puzzle) as a consen...
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