Proof of Mining in Blockchain Systems
This addresses a theoretical issue in blockchain mining, but it appears incremental as it builds on existing concepts without clear application or validation.
The paper tackles the problem of defining mining stake in blockchain systems by proposing a formula that balances the number of miners and blocks mined, but no concrete results or numbers are provided.
We propose a proof of mining system. Roughly speaking, in this system the mining stake ${\rm mstak}(A)$ with discrimination index $a\in[0,1]$ of an account $A$ is defined by the formula: $${\rm mstak}(A)=(1-a)\cdot\frac{1}{\rm NOM}+a\cdot\frac{{\rm NOBM}(A)}{L},$$ where $L$ is the length of the block-chain, ${\rm NOM}$ is the number of miners in the block-chain, and ${\rm NOBM}(A)$ is the number of blocks mined by $A$.