A New Proof of Work for Blockchain Based on Random Multivariate Quadratic Equations

Jintai Ding University of Cincinnati, Cincinnati, USA

TBD mathscidoc:2207.43089

ACNS 2019, 97–107, 2019.6
In this paper, we first present a theoretical analysis model on the Proof-of-Work (PoW) for cryptocurrency blockchain. Based on this analysis, we present a new type of PoW, which relies on the hardness of solving a set of random quadratic equations over the finite field GF(2). We will present the advantages of such a PoW, in particular, in terms of its impact on decentralization and the incentives involved, and therefore demonstrate that this is a new good alternative as a new type for PoW in blockchain applications.
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@inproceedings{jintai2019a,
  title={A New Proof of Work for Blockchain Based on Random Multivariate Quadratic Equations},
  author={Jintai Ding},
  url={http://archive.ymsc.tsinghua.edu.cn/pacm_paperurl/20220715105616324424668},
  booktitle={ACNS 2019},
  pages={97–107},
  year={2019},
}
Jintai Ding. A New Proof of Work for Blockchain Based on Random Multivariate Quadratic Equations. 2019. In ACNS 2019. pp.97–107. http://archive.ymsc.tsinghua.edu.cn/pacm_paperurl/20220715105616324424668.
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