Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

When Proof of Work Works

Authors: Debin Liu; L. Jean Camp;

When Proof of Work Works

Abstract

Proof of work (POW) is a set of cryptographic mechanisms which increase the cost of initiating a connection. Currently recipients bear as much or more cost per connection as initiators. The design goal of POW is to reverse the economics of connection initiation on the Internet. In the case of spam, the first economic examination of POW argued that POW would not, in fact, work. This result was based on the difference in production cost between legitimate and criminal enterprises. We illustrate that the difference in production costs enabled by zombies does not remove the efficacy of POW when work requirements are weighted. We illustrate that POW will work with a reputation system modeled on the systems currently used by commercial anti-spam companies. We also discuss how the variation on POW changes the nature of corresponding proofs from token currency to a notational currency.

Related Organizations
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    12
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
12
Top 10%
Top 10%
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!