Hybrid Mining: Exploiting blockchain’s computational power for distributed problem solving

In today's cryptocurrencies, Hashcash proof of work is the most commonly-adopted approach to mining. In Hashcash, when a miner decides to add a block to the chain, she has to solve the difficult computational puzzle of inverting a hash function. While Hashcash has been successfully adopted in both Bitcoin and Ethereum, it has attracted significant and harsh criticism due to its massive waste of electricity, its carbon footprint and environmental effects, and the inherent lack of usefulness in inverting a hash function. Various other mining protocols have been suggested, including proof of stake, in which a miner's chance of adding the next block is proportional to her current balance. However, such protocols lead to a higher entry cost for new miners who might not still have any stake in the cryptocurrency, and can in the worst case lead to an oligopoly, where the rich have complete control over mining. In this paper, we propose Hybrid Mining: a new mining protocol that combines solving real-world useful problems with Hashcash. Our protocol allows new miners to join the network by taking part in Hashcash mining without having to own an initial stake. It also allows nodes of the network to submit hard computational problems whose solutions are of interest in the real world, e.g.~protein folding problems. Then, miners can choose to compete in solving these problems, in lieu of Hashcash, for adding a new block. Hence, Hybrid Mining incentivizes miners to solve useful problems, such as hard computational problems arising in biology, in a distributed manner. It also gives researchers in other areas an easy-to-use tool to outsource their hard computations to the blockchain network, which has enormous computational power, by paying a reward to the miner who solves the problem for them. Moreover, our protocol provides strong security guarantees and is at least as resilient to double spending as Bitcoin

Assessing the impact of China's timber industry on Congo Basin land use change

Through the rise of global commodity chains, consumer demand in China and the USA has given rise to the extraction of natural resources in the Congo Basin. The Chinese market for high-valued animal products such as elephant ivory and pangolin scales has encouraged poaching, exploitation and trafficking of these goods in Africa. Chinese demand for other African commodities, however, remains less well known. Using data across a 15-year period (2001–2015), we analysed the relationship between Chinese timber imports and tree-cover loss in the Congo Basin. Tree-cover loss was measured via remote sensing and the value of imports was obtained from official trade statistics. Results indicate that the total accumulated export of wood from Congo Basin countries to China doubled between 2001 and 2015, with 50% of exports originating from Cameroon and the Republic of Congo. We found a positive relationship between measures of Chinese logging and the loss of tree cover in the Congo Basin. Further investigation of the timber products market showed that US demand for Chinese-made furniture was positively correlated with Chinese timber imports from the Congo Basin. These findings suggest that US demand for furniture encourages Chinese economic actors to harvest timber from Congo Basin forests. Our results help to illuminate the complex environmental and economic drivers surrounding trade and deforestation and can help inform consumers about more sustainable ways to purchase wood products from one of the world's preeminent biodiversity hotspots