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What is proof-of-capacity (PoC)?

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Proof-of-Capacity (PoC) is a consensus algorithm used in blockchain networks to validate and secure transactions. In PoC, participants demonstrate their capacity to store a certain amount of data by allocating disk space to the network. This storage capacity is then used to mine new blocks and validate transactions, with the likelihood of mining a block being proportional to the amount of storage allocated. It is a more energy-efficient alternative to proof-of-work (PoW) algorithms, as it does not require continuous computational work but rather relies on the storage space available to participants.
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Proof-of-Capacity (PoC) is a consensus algorithm used in blockchain technology to secure and validate transactions on a network. Unlike proof-of-work (PoW) or proof-of-stake (PoS), PoC relies on allocating storage space on a hard drive or other storage device to demonstrate a miner's commitment to participate in the network. Miners in a PoC system pre-generate plots of data that serve as a proof of their capacity to mine blocks, hence the name "proof-of-capacity." This method is energy-efficient compared to PoW and provides a different approach to securing a blockchain network.

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