Abstract:Consensus mechanism is a fundamental technology of blockchain, ensuring the stability. The most popular consensus mechanism is proof-of-work mechanism. It attracts massive nodes through the distributed network and requires the nodes to generate nonces and hash them to accumulate workload. However, most of the generated nonces and hash values are meaningless and discarded. Such massive quantity of computational power id dedicated for nothing, which proves that the power is not used in an effective way. Thus, th… Show more
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