A
proof-of-work (
POW)
system (or
protocol, or
function) is an economic measure to deter
denial of service attacks and other service abuses such as
spam on a network by requiring some work from the service requester, usually meaning processing time by a computer. The concept may have been first presented by
Cynthia Dwork and
Moni Naor in a 1993 journal article. The term "Proof of Work" or POW was first coined and formalized in a 1999 paper by
Markus Jakobsson and Ari Juels.