Non-Interactive Proofs of Proof-of-Work

  title={Non-Interactive Proofs of Proof-of-Work},
  author={Aggelos Kiayias and Andrew Miller and Dionysis Zindros},
  journal={IACR Cryptology ePrint Archive},
Open consensus protocols based on proof-of-work (PoW) mining are at the core of cryptocurrencies such Bitcoin and Ethereum, as well as many others. In this work, we construct a new primitive called Non-Interactive-Proofs-of-Proof-of-Work (NIPoPoWs) that can be adapted into existing PoW-based cryptocurrencies to improve their performance and extend their functionality. Unlike a traditional blockchain client which must verify the entire linearly-growing chain of PoWs, clients based on NIPoPoWs… CONTINUE READING

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