On Bit. Bit gold My proposal for bit gold is based on computing a string of bits from a string of challenge bits using functions called variously “client puzzle function” “proof of work function” or “secure benchmark function” The resulting string of bits is the proof of work Where a oneway function is prohibitively difficult to compute.

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bit definition 1 a small piece or amount of something 2 a short distance or period of time 3 a slight but Learn more.

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On the bit synonyms On the bit pronunciation On the bit translation English dictionary definition of On the bit n 1 A small portion degree or amount a bit of lint a bit of luck 2 A brief amount of time a moment Wait a bit 3 a A short scene or episode in a.

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30 rowsBit Sometimes abbreviated as b (lowercase) bit is short for binary digitBIT (B)VALUEBit in a Bit (b)1Bits in a Nibble (N)4Bits in a Byte (B)8Bits in a Kilobit (Kb)1000.