NPoW #

Bonero takes an unique approach to chain security: Notarized Proof of Work (NPoW).

The Notarized Proof of Work consensus is a modification of the Nakamoto Proof of Work, with a trusted notary node which has the possibility to sign one block every ten blocks. A block can be found without the Notary signing it, but it is 8 times more difficult (higher difficulty). This means that an attacker needs 8x more hash power to reverse the notary blocks, unless they are colluding with the notary node, which is unlikely as the notary is operated by a trusted individual.

The notary node revenue (up to 10% of block reward) is reported with the maximum trasparency and exclusively used for the benefit of the Bonero network. Read The Bonero Project Transparency Report.