P2Pool at a Glance: Proof-of-Work Reusing for Trustless Share Validation

Exemplary visualization of the P2Pool sharechain and its connection to Bitcoin. Each sharechain block (denoted as “Share”) references the previous Bitcoin block. With each found share, a new address is added to the outputs of the coinbase transaction of the to-be-found Bitcoin block. Once a full block is found, all miners which have submitted shares receive rewards. In our case miner A will receive half of the generated revenue.

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Co-Founder & CEO @ Interlay. PhD @ Imperial College London

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Alexei Zamyatin

Alexei Zamyatin

Co-Founder & CEO @ Interlay. PhD @ Imperial College London

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