Examples of using Proof-of-work in English and their translations into Bulgarian
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This process is called Proof-of-Work(PoW).
Proof-of-work is essentially one-CPU-one-vote.
This model is usually called Proof-of-Work(PoW).
I don't want any proof-of-work, and I don't want an excessive communication.”.
The easiest way out is to change the Proof-of-Work algorithm.
The proof-of-work also solves the problem of determining the majority in majority voting.
The problem is in the Proof-of-Work mechanism.
So to mitigate this, blockchain have something called proof-of-work.
It uses a proof-of-work algorithm but is ASIC resistant and allows both CPU and GPU miners.
Part of it is for a move to proof-of-stake from proof-of-work.
The network then confirms this proof-of-work, and if correct the new block is added to the chain.
Proof-of-Work also gives a solution to determining representation in majority decision making.
Ethereum plans to move from the mining process by changing the algorithm from Proof-of-Work to Proof-of-Stake.
Proof-of-work also solves the problem of determining representation in majority decision-making.
The system will at that moment confirm this proof-of-work, and if it is accurate, the block will be totaled to the chain.
Proof-of-work requires that data be difficult and time consuming to create but easy and fast to validate.
This is a hybrid version between‘proof-of-stake' and‘proof-of-work' algorithms, comprising only the best of the two.
Proof-of-work' algorithm is designed in such a way that the successful generation of a new block happens every 10 minutes.
The crypto community is bracing for a real revolution- leading cryptocurrencies may abandon the Proof-of-Work(PoW) algorithm.
It is different from proof-of-work(PoW) systems that run hashing algorithms to validate electronic transactions.
Zcash does something similar, but uses the zero-knowledge algorithm instead of Monero's proof-of-work algorithm, and is believed to offer more privacy as a result.
In a system where‘proof-of-work' applies, each miner tries to solve a mathematical puzzle through a brute-force process.
PPCoin- also called Peercoin orPeer-to-Peer Coin- was the first known cryptocurrency based on the implementation of a combined proof-of-stake and proof-of-work system.
Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
The network timestamps transactions by hashing them into a continuous chain of hash-based proof of work,creating a record that cannot be changed without recreating the proof-of-work.
Rather than rely on proof-of-work, proof-of-stake or similar, transactions are validated by a list of“trusted” nodes, authorized by Ripple.
The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.
Essentially, proof-of-work is the concept according to which the most trusted version of the ledger is the one that's had the most computational work put into it.
The network timestamps transactions are conducted by hashing them into a continuous chain of hash-based proof of work,which creates a record that cannot be changed without recreating the proof-of-work.
Others use different mining proof-of-work algorithms, possibly to withstand specialist mining equipment- or they may not even rely on work evidence.