NONLINEAR PROOF-OF-WORK: IMPROVING THE ENERGY EFFICIENCY OF BITCOIN MINING

Bitcoin is probably the most well-known blockchain system in existence. It employs the proof-of-work (PoW) consensus algorithm to add transactions to the blockchain. This process is better known as Bitcoin mining. PoW requires miners to compete in solving a cryptographic puzzle before being allowed...

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Bibliographic Details
Main Authors: Riaan Bezuidenhout, Wynand Nel, Andries Burger
Format: Article
Language:English
Published: UJ Press 2020-09-01
Series:Journal of Construction Project Management and Innovation
Subjects:
Online Access:https://journals.uj.ac.za/index.php/JCPMI/article/view/351
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