Useful work computation refers to computational effort expended in a blockchain or decentralized system that yields a tangible, verifiable benefit beyond merely securing the network. Unlike arbitrary proof-of-work, this computation contributes to solving real-world problems or providing valuable services. It aligns network security with practical application. This approach seeks to make network energy consumption more productive.
Context
Useful work computation is a concept gaining traction as an alternative to traditional proof-of-work mechanisms, aiming to make the energy expenditure of blockchain networks more productive. Discussions often revolve around how to objectively define and verify “useful” work to prevent manipulation and ensure network integrity. Its implementation could significantly alter blockchain economics.
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