On the Viability of Distributed Consensus by Proof of Space

  • Vivek Bhupatiraju, John Kuszmaul, Vinjai Vale
  • Published 2017

Abstract

In this paper, we present our implementation of Proof of Space (PoS) and our study of its viability in distributed consensus. PoS is a new alternative to the commonly used Proof of Work, which is a protocol at the heart of distributed consensus systems such as Bitcoin. PoS resolves the two major drawbacks of Proof of Work: high energy cost and bias towards… (More)

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