Proof of work consensus model

Proof of work consensus model

A consensus model where a publishing node wins the right to publish the next block by expending time, energy, and computational cycles to solve a hard-to-solve, but easy-to-verify problem (e.g., finding the nonce which, when combined with the data to be added to the block, will result in a specific output pattern).

📚 Reference: NISTIR 8202
🏷️ Category: Cybersecurity
📊 Commonality: common