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Tag Archives: proofofwork

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Hybrid Consensus and Fair Proof-of-Work (fPoW)

Bitcoin’s proof-of-work (PoW) distributed consensus has attracted the attention of bitcoin enthusiasts and those who are interested in the blockchain technology in general. Apart from its brilliant decentralization property, it has a critical limitation when efficiency is considered, as transactions cannot be confirmed in a matter of seconds. During 2016, the hybrid consensus approach was proposed to address this issue, ... Read More »