Post
Topic
Board Altcoin Discussion
Re: A new cryptocurrency with two-phase-proof-of-work
by
Sherlock.Holmes
on 20/05/2020, 01:36:24 UTC
In essence, the proof-of-work mechanism is an effective way to resist sybil attacks, but it is conducive to the formation of mining pools. The two-stage proof-of-work mechanism proposed in the luck project is an upgrade of the proof-of-work mechanism. It not only effectively resist sybil attacks, but also prevents cooperation between miners to effectively resist the alliance and make the network more secure.