Generative Blockchain: Transforming Blockchain from Transaction Recording to Transaction Generation through Proof-of-Merit

This paper proposes a new paradigm: generative blockchain, which aims to transform conventional blockchain technology by combining transaction generation and recording, rather than focusing solely on transaction recording. Central to our design is a novel consensus mechanism, Proof-of-Merit (PoM), specifically crafted for environments where businesses must solve complex problems before transactions can be recorded. PoM integrates the generation and recording of transactions within a unified bloc...