Proof of Reputation

Abstract

We present the new mining protocol Proof-of-Reputation (PoR) for decentralized Proof-of-Work (PoW) blockchains, in particular for Bitcoin. PoR combines the classical PoW with the new ingredient of cryptographic reputation. The same level of security compared to pure PoW can be achieved with a significant energy consumption reduction (of the order of 30\%) for the same security level. The proper implementation of a decentralized reputation protocol is suitable with an extra layer of mining security: Certified Mining.