SpaceMint: A Cryptocurrency Based on Proofs of Space

@article{Fuchsbauer2017SpaceMintAC,
  title={SpaceMint: A Cryptocurrency Based on Proofs of Space},
  author={Georg Fuchsbauer},
  journal={IACR Cryptol. ePrint Arch.},
  year={2017},
  volume={2015},
  pages={528}
}
  • Georg Fuchsbauer
  • Published 26 February 2018
  • Computer Science, Mathematics
  • IACR Cryptol. ePrint Arch.
Bitcoin has become the most successful cryptocurrency ever deployed, and its most distinctive feature is that it is decentralized. Its underlying protocol (Nakamoto consensus) achieves this by using proof of work, which has the drawback that it causes the consumption of vast amounts of energy to maintain the ledger. Moreover, Bitcoin mining dynamics have become less distributed over time. 
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