Приклади вживання Proof-of-work Англійська мовою та їх переклад на Українською
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Bitcoin, by contrast, uses a Proof-of-Work algorithm.
It uses the POI(proof-of-importance) algorithmic rule rather than POW(proof-of-work).
Proof-of-Work and Proof-of-Stake are the two best-known consensus algorithms in cryptocurrencies.
Summary principle: Transaction cryptography mechanism, Proof-of-Work.
Proof-of-Work and Proof-of-Stake are two best-known algorithms for achieving consensus in cryptocurrencies.
Three types of prime number chains are accepted as proof-of-work:[9].
Satoshi proposed a Proof-of-Work system, which allowed anyone to propose a block to append to the network.
To do so,miners should solve a mathematical puzzle known as proof-of-work problem;
Proof-of-Work is the most tried-and-tested scheme for achieving consensus amongst users, but it is by no means the only one.
It uses the POI(proof-of-importance) algorithm instead of POW( proof-of-work).
Supporters of this approach argue that the Proof-of-work algorithm requires that miners constantly invest in equipment and, consequently, in the blockchain.
As part of the event,the annual hackathon of blockchain developers called The Proof-of-Work Competition was held.
It would not be an exaggeration to say that Proof-of-Work is the main idea behind Bitcoin: it is the one that serves as the basis for a distributed registry.
Oh, because we use fancy BFT,we can do 5,000 transactions per second and proof-of-work can only do 15.'”.
Hashcash is a cryptographic hash-based proof-of-work algorithm that requires a selectable amount of work to compute, but the proof can be verified efficiently.
However, the probability of fake creation isequal to zero since computational performance underlies Proof-of-Work and is linked to the material world.
Proof-of-Work algorithm is the most popular consensus mechanism used on the blockchain, not least because it is employed on the Bitcoin and Ethereum platforms.
Already, Hyperledger offers fiveprivate blockchains that do not involve proof-of-work(mining activities) for validation of transactions on the blockchain.
The system is based on a proof-of-work script securing transactions from hacking and fraud playing in fact a role of a centralised authority taking care of the network's safety.
These nodes orvalidating servers do not offer an incentive like the Bitcoin network's proof-of-work(PoW) as the network is managed by independently owned servers.
For example, typical proof-of-work based systems(such as the bitcoin network) are designed under the assumption that no single entity controls more than 50% of the processing power.
Note: in the near future Ethereum willmost likely change its consensus algorithm from Proof-of-Work to Proof-Of-Stake, reducing the issuance requirement to somewhere between zero and 0.05X per year.
In 1999, the term Proof-of-Work also appears- it was used in the article“Proofs of Work and Bread Pudding Protocols”(authors- Marcus Jacobson and Ari Jewels) in the Communications and Multimedia Security magazine.
Production Ethereum is implemented by theminers on the basis of modern protocol called Proof-of-Work, which as acknowledgement of transactions uses a computational capacity of Blokc Chain network.
Bitcoin's Proof-of-Work spawned an entire mining industry and became an impetus for the development of specialized equipment since the computing resources spent on hashing blocks are huge and far exceed the capacities of the largest supercomputers.
To get a bit more detailed, to achieve consensus, each node in a network must solve a complex,resource-intensive cryptographic riddle called a proof-of-work(PoW) to ensure all are working together in sync.
This invention was to utilize asystem of distributed computation referred to as the algorithm“Proof-Of-Work” for the conducting of worldwide elections at regular intervals of ten minutes, permitting the system to come to a conclusion with respect to each transaction's condition.
Speaking at the Business of Blockchain conference at the Massachusetts Institute of Technology(MIT), executive director of the Hyperledger consortium Brian Belendorf talked about his attitude to open source technologies,the regulation of the cryptocurrency industry and the consensus algorithm Proof-Of-Work.
In 2005 Nick Szabo publishes a proposal for“Bit gold”,a purely digital collectible based on a proof-of-work algorithm borrowing ideas from RPOW server(“Reusable proof of work”) by Hal Finney.
In short, unlike other testnets that are meant for more experimental features,Ropsten is unique in that it mimics the proof-of-work consensus model popularized by bitcoin and that ethereum uses today.