Understanding Proof-of-Work
I was curious to study the behaviour of the Proof-of-Work protocol in block-chains. The essence of POW is the use of a nonce as part of the payload being signed. In order to do this, I decided to test it out with a simple signing test program. The signature algorithm chosen uses a 512-bit RSA key with a SHA-224 hash. A stronger hash algorithm would just take longer but it wouldn’t really deviate too much from the characteristics. The example...
Read more