Cryptography, Cryptocurency, Blockchain, Mining.
Proof of Space-Time (PoST) is a new cryptographic primitive, designed to replace Proof of Work (PoW) as a proof-of-resource-consumption scheme, and so as a Sybil-resistance mechanism for permissionless cryptocurrencies. It was introduced in 2016 by Tal Moran and Ilan Orlov in a paper titled “Simple