Paper 2018/197 Original: eprint.iacr.org/2018/197 ↗
Green Mining: toward a less energetic impact of cryptocurrencies
Abstract
While cryptocurrencies continue to gain popularity, their energy cost is increasingly becoming unsustainable. In this paper, we present an innovative scheme which eliminates the burden of the proof of work which is the main cause of the energy waste in cryptocurrencies such as Bitcoin. The scheme is based on a green leader election scheme which guarantees a bounded average number of simultaneous mining whatever the size of the population in competition.
Metadata
- Available format(s)
PDF- Category
- Foundations
- Publication info
- Preprint.
- History
- 2018-02-22: last updated
- 2018-02-22: published
- Short URL
- https://ia.cr/2018/197
- License
- https://creativecommons.org/licenses/by/4.0/
BibTeX
@misc{cryptoeprint:2018/197,
author = {Philippe Jacquet and Bernard Mans},
title = {Green Mining: toward a less energetic impact of cryptocurrencies},
howpublished = {Cryptology {ePrint} Archive, Paper 2018/197},
year = {2018},
url = {https://eprint.iacr.org/2018/197}
}