Abstract
An increasing number of energy-recycling consensus mechanisms are being employed to address the drawback of proof of work (PoW) wasting computation and energy. For instance, the computing power wasted in solving difficult but meaningless PoW puzzles is used to conduct practical federated learning tasks and train deep learning models. However, there remains a neglected issue of task difficulty adjustment. To address this problem, we propose a method for measuring task difficulty and an algorithm for adjustment to achieve controlled minting and stable transaction processing capacity for cryptocurrency based on energy-recycling consensus mechanisms. Our research evaluates the effectiveness of this algorithm and highlights the potential benefits of this approach. © 2023 IEEE.
| Original language | English |
|---|---|
| Title of host publication | Proceedings - 2023 IEEE 43rd International Conference on Distributed Computing Systems |
| Subtitle of host publication | ICDCS 2023 |
| Publisher | IEEE |
| Pages | 1069-1070 |
| ISBN (Electronic) | 9798350339864 |
| ISBN (Print) | 979-8-3503-3987-1 |
| DOIs | |
| Publication status | Published - 2023 |
| Event | 43rd IEEE International Conference on Distributed Computing Systems (ICDCS 2023) - Sheraton Hong Kong & Towers, Hong Kong, China Duration: 18 Jul 2023 → 21 Jul 2023 https://icdcs2023.icdcs.org/ https://ieeexplore.ieee.org/xpl/conhome/1000213/all-proceedings |
Publication series
| Name | Proceedings - International Conference on Distributed Computing Systems |
|---|---|
| ISSN (Print) | 1063-6927 |
| ISSN (Electronic) | 2575-8411 |
Conference
| Conference | 43rd IEEE International Conference on Distributed Computing Systems (ICDCS 2023) |
|---|---|
| Place | Hong Kong, China |
| Period | 18/07/23 → 21/07/23 |
| Internet address |
Research Keywords
- blockchain
- consensus mechanism
- federated learning
- proof of learning
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