Proof of Space: BitTorrent Creator Publishes Eco-Friendly Mining Paper

Proof of Space: BitTorrent Creator Publishes Eco-Friendly Mining Paper

“BitTorrent developer Bram Cohen has published a new white paper that envisions an eco-friendly alternative to bitcoin’s energy-intensive proof-of-work consensus method.

Dubbed “proof-of-space,” the method relies on disk space rather than computational power as the main resource for mining (the process by which new transactions are added to a blockchain), creating what is claimed to be a less ecologically damaging and more economical alternative to proof-of-work…”

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https://www.coindesk.com/proof-of-space-bittorrent-creator-publishes-eco-friendly-mining-paper/

https://www.coindesk.com/proof-of-space-bittorrent-creator-publishes-eco-friendly-mining-paper/