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SpaceMint (cryptocurrency)

SpaceMint (cryptocurrency)

SpaceMint, or Spacecoin, is a decentralized cryptocurrency that uses proof-of-space to reduce the energy intensive proof-of-work mining processes used by other cryptocurrencies such as Bitcoin.

SpaceMint, also known as Spacecoin (SPACE), is a cryptocurrency implementing a proof-of-space protocol. Proof-of-space protocols allow SPACE miners to be rewarded for dedicating disk space instead of dedicating computational power through proof-of-work protocols. The proof-of-space protocol implemented by SpaceMint disproportionately rewards small miners to incentivize miner participation and decentralization of the SpaceMint network. Across the SpaceMint network miners spend a fraction of a second per mined block, and use significantly less energy on ledger maintenance compared to proof-of-work networks used by other cryptocurrencies such as Bitcoin or Litecoin.

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SpaceMint: A Cryptocurrency Based on Proofs of Space

Sunoo Park, Albert Kwon, Georg Fuchsbauer, Peter Gaži, Joël Alwen, Krzysztof Pietrzak

Academic

SpaceMint: A Cryptocurrency Based on Proofs of Space

Peter Kunz

Web

SpaceMint: A Cryptocurrency Based on Proofs of Space

Sunoo Park

Web

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