Every Nano transaction contains a small Proof-of-Work (PoW). Within the Nano Protocol, Proof-of-Work is used only as an anti-spam measure. It is not used in the consensus mechanism.
Within the Nano Protocol, Proof-of-Work is used only as an anti-spam measure.
PoW solutions take minimal resources to verify, but proportionally significant resources to generate.
In general, PoW is the solving of a simple math problem where a solution can only be found by repeatedly guessing and checking. The harder the problem, the more guesses it takes on average to find an answer. Once found, the non-unique solution can then be verified with a single check. This allows computers to prove (on average) that they spent a certain amount of computation power.
Nano's Proof of Work uses the blake2b cryptographic hash function
"work" field in transactions contains a 64-bit nonce found using the blake2b hash function. The nonce satisfies the equation.
Currently the mainnet's
Any random nonce has a chance of being a correct solution. This results in an average of guesses to generate a valid nonce that requires only a single blake2b hash to validate.
First Account Block
The first block on an account-chain doesn't have a previous (head) block, so a variant of the above equation is used to calculate the