Proof Of Work (1999) - Deepstash
Proof Of Work (1999)

Proof Of Work (1999)

The term Proof Of Work (POW) was coined by Markus Jakobsson and Ari Juels in their paper “Proofs of Work and Bread Pudding Protocols” which was released back in 1999. Though the concept was invented by Cynthia Dwork and Moni Naor in 1993 as a way to deter denial-of-service attacks.

What started as a way to prevent service abuses such as spam on a network, has now become pivotal to the way transactions are legitimized on a Blockchain.

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