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The Proof-of-Work in Cryptocurrencies: Brief History. Part 1
July 14, 2014
The Proof-of-Work in Cryptocurrencies: Brief History. Part 1

The Proof-of-work concept appeared for the first time in the paper "Pricing via Processing or Combatting Junk Mail" in 1993. Despite the fact that authors never used this notion in the article itself (it is 6 years before it appears), we are going to name it this way (or PoW).

So, what was the Idea proposed by Cynthia Dwork and Moni Naor in their paper?..