Proof of Less Work was developed when researchers found out that the energy consumption scale was going higher, that’s when Chang Wang found it crucial to get into the depths of it and develop the original proof of work a bit that came up with an idea of reduced power consumption without having to compromise on the security part, and hence, it was named as Proof of Less Work.

Now let’s get into the details of Proof of Less Work through this blog to understand it a bit more in-depth for better knowledge.

Proof-of-Less-Work Explained

The original intention of Proof-of-Less-Work was to minimize energy usage in comparison to conventional Proof-of-Work in place without compromising security in order to maximize the resulting output.

In Proof of Less Work (PoLW), miners may give away a portion of their Coinbase rewards in exchange for a weight (> 1) for the work (block hash) they have completed. By discovering stronger hashes, the miners engage in both real and virtual mining, as evidenced by the fact that they burn a portion of the coinbase payouts.

Proof of Less Work is based entirely on the principles of Proof of Work. However, the only modification is that PoLW comes with sharding that makes it energy efficient so that miners can start using environmentally friendly mining. The most remarkable example of the coin that follows PoLW is Alephium, which uses less energy. However, the case is totally the opposite with Bitcoin, which utilizes Proof of Work.

It is, therefore, anticipated that for now, the overall cost would stay the same, and there would be less actual mining done in the real world as the workload increases. PoLW and PoW share the same security characteristics with regard to block generation costs.

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