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Abstract. Safe Proof of Work (SPOW) is a consensus algorithm blockchain that deals with the main drawbacks of the proof of work algorithm, This algorithm greatly solved the biggest security problem of the POW blockchain system, this is %51 attack. The standard POW is open to this attack. If someone wants to attack the POW blockchain, if it covers the cost, successfully hacks the blockchain. But SPOW blockchain offers a system that almost completely prevents attempting this attack. SPOW does this by sprinkling some unknowable and unity power into it. Hello, I have been developing this algorithm for a while, I have prepared a pdf with detailed simulations, I want you from the forum residents to review this pdf and return. If this algorithm is used, there will no longer be any coins that will be subject to 51 attacks. https://github.com/onuratakan/SPOW If an attacker wants to succeed: he needs to know the random rate below. Read the pdf for more information. [link] [comments] |
source https://www.reddit.com/r/btc/comments/lxdrb6/safe_proof_of_work/
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