Proof of Continuous Work for Reliable Data Storage over Permissionless Blockchain
Published in IEEE Internet of Things Journal, 2021
In this paper, we first design a variant consensus algorithm named proof of continuous work (PoCW) with a storage-related incentive mechanism. Miners can accumulate mining advantage by continuously submitting proofs of storage. Then we present a hash ring-based data allocation algorithm using the blockchain’s state. Combined with both of them, we build a reliable blockchain-based storage system without relying on any third parties.
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