consensus
  • README
  • Blockchain Consensus Encyclopedia Infographic
  • CONTRIBUTING
  • Introduction
  • Blockchain Consensus?
  • Glossary
  • Categorizing consensus
  • Chain-based Proof of Work
    • Proof of Work (PoW)
    • Proof of Meaningful Work (PoMW)
    • Hybrid Proof of Work (HPoW)
    • Proof of Work time (PoWT)
    • Delayed Proof of Work (dPoW)
    • Proof of Edit Distance
    • ePoW: equitable chance and energy-saving.
    • Semi-Synchronous Proof of Work (SSPoW)
  • Chain-based Proof of Stake
    • Delegated Proof-of-Contribution (DPoC)
    • Secure Proof of Stake (SPoS)
    • Hybrid PBFT/Aurand
    • Proof of Stake (PoS)
    • Delegated Proof of Stake (DPoS)
    • Proof of Stake Time (PoST)
    • Proof of stake Boo (PoS Boo)
    • High Interest Proof of Stake (HiPoS)
    • Asset PoS (APoS )
    • Traditional Proof of Stake / Tiered Proof Of Stake (TPOS)
    • Casper the Friendly Finality Gadget (FFG)
    • Correct By Construction (CBC) Casper
    • Variable Delayed Proof of Stake (vDPOS)
    • Proof of Stake Velocity
    • Magi's Proof of Stake (mPoS)
    • Leased Proof of Stake (LPoS)
    • Delegated Proof of Importance (DPoI)
    • Leasing Proof of Stake (PoS/LPoS)
  • Chain-based Proof of Capacity/Space
    • Proof of Process
    • Proof of capacity (PoC)
    • Proof of Signature (PoSign)
    • Proof of Retrievability (POR)
    • Proof of Location
    • Proof of Reputation (PoR)
    • Proof of Proof (PoP)
    • Proof of History
    • Proof of Existence
    • Proof of Research (DPoR)
    • Proof of Activity
    • Proof of Weight (PoWeight)
    • Proof of Zero (PoZ)
    • Proof of Importance
    • Proof of Care (PoC)
    • Raft
    • Proof of Value (PoV)
    • Proof of Participation (PoP)
    • Proof of Believability
    • Proof of Stake (POS) / Proof of Presence (PoP)
    • Proof of Ownership
    • Proof of Quality (PoQ)
    • Proof of Space (PoC)
  • Chain-based Hybrid models
    • GRANDPA
    • Proof of authority (PoA)
    • Ethereum Proof of Authority
    • Limited Confidence Proof-of-Activity (LCPoA)
    • Proof of Work (PoW) / Nexus Proof of State (nPoS) or Nexus Proof of Holding (nPOH)
    • Proof of Activity
    • Proof of Work (PoW) / Proof of Stake (PoS) / Proof Of Care (PoC)
    • Proof of work (PoW) / High Interest Proof of Stake (HiPoS)
    • Proof of Work (PoW) / PoM / PoSII
  • Chain-based Proof of Burn
    • Proof of Processed Payments (PoPP)
    • Proof of Burn (PoB)
    • Proof of Time
    • Proof of Stake (PoS) / Proof of Disintegration (PoD)
  • Chain-based Trusted computing algorithms
    • Proof of Elapsed Time (PoET)
  • Chain-based PBFT and BFT-based Proof of Stake
    • leaderless BFT dual ledger architecture
    • Albatross
    • asynchronous BFT protocol
    • BFTree
    • Byzantine Fault Tolerance (BFT)
    • Delegated Byzantine Fault Tolerance
    • Federated Byzantine Agreement
    • HotStuff
    • LibraBFT
    • Modified Federated Byzantine Agreement (mFBA)
    • Ouroboros
    • Practical Byzantine Fault Tolerance
  • Chain-based others
    • Proof of Trust (PoT)
    • Proof of Devotion
    • Snowglobe
    • Avalanche
    • Serialization of Proof-of-work Events (Spectre)
    • Scrypt-adaptive-N (ASIC resistant)
  • Chain-based DAG
    • BlockFlow
    • Direct Acyclic Graph Tangle (DAG)
    • Hashgraph
    • Block-lattice - Directed Acyclic Graphs (DAGs)
  • Magi's proof-of-work (mPoW)
  • Common Attacks
  • Performance indicators
  • ThresholdRelay
  • Holochain
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Magi's proof-of-work (mPoW)

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Last updated 6 years ago

The magi's proof-of-work (PoW) protocol, in addition to required computational works to be done to deter denial of service attacks, is also a network-dependent rewarding model system. The mPoW rewards participants who solve complicated cryptographical questions not only to validate transactions but also to create new blocks and generate coins. The amout of coins generated are constantly monitored by the mPoW protocol and tuned on the basis of an attraction-repulsion model: 1) incremental rewarding to stimulate network activities during passive mining phase, and 2) decremental rewarding to mitigate redundant mining sources during agressive mining phase. mPoW can effectively govern the magi's network and limit it under a certain scale, enabling the general devices to be capable of mining magi.

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MAGI
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