coinBD: an enhanced version of proof of work with less computational power
This thesis is submitted in partial fulfilment of the requirements for the degree of Bachelor of Science in Computer Science and Engineering, 2018.
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BRAC University
2019
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| 在线阅读: | http://hdl.handle.net/10361/11433 |
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10361-11433 |
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10361-114332022-01-26T10:15:55Z coinBD: an enhanced version of proof of work with less computational power Hossain, Mohammad Badrul Akash, Sadman Sakib Haque, Md. Asraful Majumdar, Mahbub Alam Department of Computer Science and Engineering, BRAC University Cryptocurrencies coinBD Proof of work Proof of rigor Data encryption (Computer science) This thesis is submitted in partial fulfilment of the requirements for the degree of Bachelor of Science in Computer Science and Engineering, 2018. Includes bibliographical references (pages 45-47). Cataloged from PDF version of thesis. Cryptocurrencies are digital currency system where transactions happen in a decentralized peer to peer network without and security provided by cryptography. Blockchain is the backbone technology behind cryptocurrencies which plays the role of distributed ledger. Bitcoin is the firstly invented cryptocurrency of the world and till present day it is the most popular in this sector. Bitcoin is maintained by very organized blockchain network which has secured validation systems for transactions, stable and simultaneous consensus and mining process. But our concern was at its proof of work solving procedure which is used at mining phase. Although proof of work is highly secured but it needs too much computational power and network latency to solve it. It also needs time to mine as if difficulty rises proof of work solving takes longer time. To solve the problem, we implemented a cryptocurrency named coinBD where we used our own approach proof of rigor (por) instead of proof of work which directly works with transaction amount. Proof of rigor does not take much time and high computation as proof of work for mining. Our expectation is to establish coinBD’s proof of rigor as a solution to proof of works those complexities. Mohammad Badrul Hossain Sadman Sakib Akash Md. Asraful Haque B. Computer Science and Engineering 2019-02-18T05:51:45Z 2019-02-18T05:51:45Z 2018 2018-12 Thesis ID 18341006 ID 18341007 ID 13101245 http://hdl.handle.net/10361/11433 en BRAC University theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 47 pages application/pdf BRAC University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Cryptocurrencies coinBD Proof of work Proof of rigor Data encryption (Computer science) |
| spellingShingle |
Cryptocurrencies coinBD Proof of work Proof of rigor Data encryption (Computer science) Hossain, Mohammad Badrul Akash, Sadman Sakib Haque, Md. Asraful coinBD: an enhanced version of proof of work with less computational power |
| description |
This thesis is submitted in partial fulfilment of the requirements for the degree of Bachelor of Science in Computer Science and Engineering, 2018. |
| author2 |
Majumdar, Mahbub Alam |
| author_facet |
Majumdar, Mahbub Alam Hossain, Mohammad Badrul Akash, Sadman Sakib Haque, Md. Asraful |
| format |
Thesis |
| author |
Hossain, Mohammad Badrul Akash, Sadman Sakib Haque, Md. Asraful |
| author_sort |
Hossain, Mohammad Badrul |
| title |
coinBD: an enhanced version of proof of work with less computational power |
| title_short |
coinBD: an enhanced version of proof of work with less computational power |
| title_full |
coinBD: an enhanced version of proof of work with less computational power |
| title_fullStr |
coinBD: an enhanced version of proof of work with less computational power |
| title_full_unstemmed |
coinBD: an enhanced version of proof of work with less computational power |
| title_sort |
coinbd: an enhanced version of proof of work with less computational power |
| publisher |
BRAC University |
| publishDate |
2019 |
| url |
http://hdl.handle.net/10361/11433 |
| work_keys_str_mv |
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