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A proof-of-work (POW) system is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.

2 votes
1 answer
1k views

Transaction confirmation time with proof of stake [duplicate]

With proof of work and the associated mining process, transactions must wait till the block verifying the said transaction reaches enough depth within the blockchain to avoid relying blocks generated …
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4 votes
2 answers
721 views

What property makes Proof of Stake easier to apply in permissioned blockchains?

There are a number of efforts driving towards the transition from the current proof-of-work towards proof-of-stake (more info here). Meanwhile proof-of-stake is already in use in some permissioned blo …
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