04/20 - PAI Proof of Useful Work Updates
Proof of Useful Work
As many of you know, Proof of Useful Work (PoUW) is a PAI Coin inspired research project which aims to “recycle” the energy consumed by cryptocurrency mining. With successful implementation of such a protocol, the process of mining would verify blockchain transactions while simultaneously completing unrelated, but useful, computations. This summary and paper contain more information.
While PoUW specifically optimizes Proof-of-Work (PoW) consensus, there is the possibility that PoUW could pair with Proof of Stake, paving the way for a Hybrid PoUW / PoS protocol.
Into 2021 and beyond, Project PAI will focus on this highly ambitious and exciting initiative.