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Proof of work (PoW) is a form of cryptographic proof in which one party (the prover) proves to others (the verifiers) that a certain amount of a specific computational effort has been expended. [1] Verifiers can subsequently confirm this expenditure with minimal effort on their part.
The exact definition of "stake" varies from implementation to implementation. For instance, some cryptocurrencies use the concept of "coin age", the product of the number of tokens with the amount of time that a single user has held them, rather than merely the number of tokens, to define a validator's stake.
Two to the power of n, written as 2 n, is the number of values in which the bits in a binary word of length n can be set, where each bit is either of two values. A word, interpreted as representing an integer in a range starting at zero, referred to as an "unsigned integer", can represent values from 0 (000...000 2) to 2 n − 1 (111...111 2) inclusively.
Proof of space (PoS) is a type of consensus algorithm achieved by demonstrating one's legitimate interest in a service (such as sending an email) by allocating a non-trivial amount of memory or disk space to solve a challenge presented by the service provider.
The original IBM PC could be equipped with as little as 16 KB of RAM and typically had between 64 and 640 KB; depending on the amount of equipped memory, the computer's 4.77 MHz 8088 required between 5 seconds and 1.5 minutes to complete the POST and there was no way to skip it.
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The recipient's computer checks whether the e-mail address in the hash string matches any of the valid e-mail addresses registered by the recipient, or matches any of the mailing lists to which the recipient is subscribed. If a match is not found, the hash string is invalid. The recipient's computer inserts the hash string into a database.
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