Physical One‐Way Functions for Decentralized Consensus Via Proof of Physical Work by Marvin Winkler, Catharina Peither, Simon Petrick, Lothar Seidemann, Holger Jelich, Frank Kleine Jäger, Jörn Müller‐Quade, Alexander Colsmann, Hermann Nirschl, Frank Rhein

“…Abstract Decentralized consensus on the state of the Bitcoin blockchain is ensured by proof of work. It relies on digital one‐way functions and is associated with an enormous environmental impact. …”
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