Proof-of-Work: A Consensus Mechanism to Achieve Consistency

Kazue Sako ()
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Kazue Sako: Waseda University

A chapter in Blockchain Gaps, 2021, pp 9-15 from Springer

Abstract: Abstract A blockchain is maintained not by a single authority but by multiple nodes, where each node independently maintains the history of transactions. Proof-of-Work is a mechanism run by each node to achieve consistency.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-981-33-6052-5_2

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DOI: 10.1007/978-981-33-6052-5_2

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