@inproceedings{affc1a3f9e6a4ec099c1cb6b0c511e35,
title = "On the trade-offs of Proof-of-Work algorithms in blockchains",
abstract = "There are many different protocols that regulate the way in which each node on a blockchain network is able to reach consensus that a newly created block is valid. One of the protocols, Proof-of-Work (PoW) gained popularity when it was implemented in a blockchain-based cryptocurrency known as Bitcoin. However, there are inherent deficiencies in its current implementation. This paper discusses these deficiencies, as well as the parameters that directly and indirectly affect its efficacy and performance so that possible enhancements to the protocol can be investigated.",
keywords = "Bitcoin, Blockchain, Difficult, Proof-of-Work",
author = "Chin, {Zi Hau} and Yap, {Timothy Tzen Vun} and Tan, {Ian K. T.}",
note = "Publisher Copyright: {\textcopyright} 2020, Springer Nature Singapore Pte Ltd.; 6th International Conference on Computational Science and Technology 2019, ICCST 2019 ; Conference date: 29-08-2019 Through 30-08-2019",
year = "2020",
doi = "10.1007/978-981-15-0058-9_55",
language = "English",
isbn = "9789811500572",
series = "Lecture Notes in Electrical Engineering",
publisher = "Springer",
pages = "575--584",
editor = "Rayner Alfred and Yuto Lim and Haviluddin Haviluddin and On, {Chin Kim}",
booktitle = "Computational Science and Technology",
}