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Author Topic: A New PoW Consensus Based on Bitcoin, Any suggestions are welcome.  (Read 68 times)
sudao (OP)
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October 10, 2023, 06:19:39 AM
Last edit: October 13, 2023, 03:01:40 PM by sudao
Merited by BenCodie (1)
 #1

A new public blockchain, based on Bitcoin with a slight modification to the Proof of Work (POW) consensus mechanism, the nonce value is directly calculated using hash functions, meaning that nonce verification does not need to Hash again, just xor is ok.

Advantages:

1. Dual Mining Support: this modified POW mechanism allows miners to participate in dual mining with other POW chains (e.g., Bitcoin miners).
2. Cost-Efficient Parallel Chains: With this approach, low-cost parallel chains with comparable computational power can be easily established.

Bitcoin
Code:
HASH(hashNoNonce, nonce) < target

NewChain
Code:
hashNoNonce ^ HASH(nonce) < target

This modification brings greater flexibility and potential for interoperability to the world of POW blockchains, offering new opportunities for miners and developers alike.
sudao (OP)
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October 13, 2023, 03:03:06 PM
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