Which cryptocurrencies utilize delayed proof of work as a consensus mechanism?

3 answers

• DhaperOct 02, 2022 · 3 years ago
  Sure! Some of the cryptocurrencies that utilize delayed proof of work as a consensus mechanism include Komodo (KMD) and Verus Coin (VRSC). Delayed proof of work is a unique consensus mechanism that combines the security of proof of work with the efficiency of proof of stake. It works by periodically notarizing the blockchain of one cryptocurrency onto another, more secure blockchain, such as Bitcoin's. This provides an additional layer of security and makes it more difficult for attackers to manipulate the blockchain. Komodo and Verus Coin are two examples of cryptocurrencies that have implemented this mechanism successfully.
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• Hurst AdamsOct 15, 2023 · 2 years ago
  Delayed proof of work is an interesting consensus mechanism that has been adopted by several cryptocurrencies. Some notable examples include Komodo (KMD) and Verus Coin (VRSC). Delayed proof of work adds an extra layer of security to the blockchain by periodically notarizing it onto a more secure blockchain, like Bitcoin's. This makes it harder for attackers to tamper with the blockchain and ensures the integrity of the network. If you're interested in learning more about delayed proof of work, I would recommend checking out the whitepapers and official websites of Komodo and Verus Coin.
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• achal rathoreAug 27, 2021 · 4 years ago
  Delayed proof of work is a consensus mechanism that has gained popularity in the cryptocurrency space. Komodo (KMD) is one of the prominent cryptocurrencies that utilize this mechanism. Delayed proof of work works by notarizing the blockchain of one cryptocurrency onto a more secure blockchain, such as Bitcoin's, at regular intervals. This provides an additional layer of security and makes it more resistant to attacks. Verus Coin (VRSC) is another cryptocurrency that has implemented delayed proof of work successfully. It's worth noting that delayed proof of work is still a relatively new concept, and its implementation in different cryptocurrencies may vary. If you're interested in exploring this consensus mechanism further, I would recommend looking into the technical documentation and community discussions of Komodo and Verus Coin.
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