proof of work
Originally conceived to combat spam and denial-of-service attacks, "proof of work" is now integral to securing blockchain networks, notably popularized by Bitcoin.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
C1Blockchain Technology
(technical)A system where network participants must solve complex mathematical problems to validate transactions and add new blocks, ensuring the network's security and integrity.
Example
- Bitcoin relies on proof of work to maintain its decentralized ledger.
C2Cryptography
(technical)A method requiring computational effort to prevent service abuses, ensuring that actions like creating new data blocks are resource-intensive and secure.
Example
- Proof of work is essential in deterring denial-of-service attacks on blockchain networks.
Similar
Terms that have similar or relatively close meanings to "proof of work":