SpaceMint: A Cryptocurrency Based on Proofs of Space

Georg Fuchsbauer (1)

1 CASCADE - Construction and Analysis of Systems for Confidentiality and Authenticity of Data and Entities

We introduce SpaceMint, a cryptocurrency that replaces energy-intensive computation underlying most of today’s cryptocurrencies by “proof of space”. Once set up, SpaceMint consumes very little energy, which will motivate regular users to participate in the mining process thereby truly decentralizing control over the currency.

Domaines: Cryptographie et sécurité [cs.CR]

Georg Fuchsbauer. SpaceMint: A Cryptocurrency Based on Proofs of Space. 2017, pp.13. ⟨hal-01870067⟩