Proof of Work: Coelho's Hokkaido challenge-response protocol is the basis of our proof of work protocol. Like SCrypt in our key derivation, Hokkaido is a memory-bound algorithm. A pseudo random generator generates Hokkaido's permutation and branch tables. Its seed is a 128 bit random bitstring. The message authentication code key is 256 random bits. The challenge issuer is regenerated every hour. Challenges have configurable difficulty and time limit for solving.
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