Consensus: Proof of Work, Proof of Stake and Structural Alternatives

Nicola Dimitri ()
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Nicola Dimitri: University of Siena, Department of Political Economy and Statistics

A chapter in Enabling the Internet of Value, 2022, pp 29-36 from Springer

Abstract: Abstract This chapter examines the future of distributed ledger technology from the perspective of the evolution of consensus mechanisms, discussing which new consensus mechanisms could replace proof of work. These include directed acyclic graphs, proof of stake and proof of burn. For those more mathematically inclined, this part also explores the dynamics of consensus mechanisms from a mathematical perspective.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-030-78184-2_4

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DOI: 10.1007/978-3-030-78184-2_4

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