Proof of work 101:
1. The number of blocks mined per time unit corresponds to a Binomial distribution where n goes to infinity and p goes to zero as the global hashrate increases
2. At its limit, the Binomial distribution converges to the Poisson distribution with λ=n·p
— Michael Sutton (@MichaelSuttonIL) April 21, 2024
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer who is also one of the core developers of Kaspa, delved into the intricacies of Proof of Work. He explained that the number of blocks mined per time unit follows a Binomial distribution as the global hashrate increases. Sutton noted that as n approaches infinity and p approaches zero, the Binomial distribution converges to the Poisson distribution.
This insight from Sutton sheds light on the underlying principles of Proof of Work and how it operates in the context of blockchain technology. His expertise in Distributed Systems Research makes his analysis valuable for those seeking a deeper understanding of this complex topic.
For more news and resources on Kaspa, the innovative blockchain platform, readers are encouraged to visit Kaspanews.net. This site offers the latest updates and comprehensive coverage of developments within the Kaspa ecosystem.