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TagsWhat is delayed proof of work and how does it relate to cryptocurrencies?
farahhosamNov 24, 2021 · 3 years ago1 answersCan you explain what delayed proof of work is and how it is connected to cryptocurrencies? How does it work and what benefits does it provide to the cryptocurrency ecosystem?
1 answers
- Delayed proof of work, also known as DPoW, is a consensus mechanism that combines the security of two blockchains. It works by notarizing blocks from a primary blockchain onto a secondary blockchain with a higher hashrate. This process adds an extra layer of security to the primary blockchain, making it more resistant to attacks. DPoW is used by projects like Komodo, which leverages the security of the Bitcoin blockchain. By notarizing blocks onto Bitcoin, Komodo ensures that its blockchain is protected by the immense hashing power of the Bitcoin network. This makes the Komodo blockchain more secure and less susceptible to 51% attacks.Nov 24, 2021 · 3 years ago
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