Quotable Satoshi on Nostr: The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless ...
The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless process where you do millions of hashes a second, with a small chance of finding one each time. The 3 or 4 fastest nodes' dominance would only be proportional to their share of the total CPU power. Anyone's chance of finding a solution at any time is proportional to their CPU power.
Published at
2024-06-05 02:21:06Event JSON
{
"id": "02c4474b1113ee1c46e72e85458bfd1f413af6adbb56e47758bdf78b8d33ba91",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1717546866,
"kind": 1,
"tags": [],
"content": "The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless process where you do millions of hashes a second, with a small chance of finding one each time. The 3 or 4 fastest nodes' dominance would only be proportional to their share of the total CPU power. Anyone's chance of finding a solution at any time is proportional to their CPU power.",
"sig": "6e47873a90ef1a83946c9289708d810d646ec851a416fd2ded70f048a18116b26581e8f7f2cf300409749238b5a8926cc42e0f5c0e6a9d6806e093072db3b877"
}
