🚀Computational Consensus and Proof of Computational Power

Computational consensus is an important mech- anism in blockchain technology for solving data consistency and trust problems in a distributed en- vironment. Proof of Work(PoW)is one of the com- monly used consensus algorithms, the basic prin- ciple of which is to prove one’s contribution to the network by consuming a large amount of com- puting resources to gain bookkeeping rights and rewards.

PoW plays an important role in ensuring the se- curity of blockchain networks, but there are also some problems, such as consuming large amounts of energy and computing resources, and easily trig- gering computation competitions and centraliza- tion. To solve these problems, some new consensus algorithms such as Proof of Stake(PoS), Proof of Authority(PoA), etc. have emerged in recent years [4, 5, 18]. In this section, we introduce our brand new proof of computation mechanism: Proof Of Computation Integrity (POCI).

Different consensus algorithms are applicable to different scenarios and applications, and need to be selected and used according to the actual situation. Computational consensus and proof of computational power is one of the core mechanisms in blockchain technology, which is important to ensure the reliability and security of blockchain.