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Bookmark or Share- What is Proof-of-Work? How The Bitcoin Network Is Maintained.Proof of work is the consensus algorithm that secures the decentralized Bitcoin blockchain network. Bitcoin miners attempt to solve complex math equations with the energy-intensive process, all to generate new blocks and earn BTC rewards.
- What Is Proof Of Work? – Forbes AdvisorProof of work is a consensus mechanism to choose which of these network participants—called miners—are allowed to handle the lucrative task of verifying new data.
- What Is Proof-of-Work? - CoinDeskProof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum.
- What is proof of work? (PoW) - Bitstamp Trusted Crypto ExchangeProof of work (PoW) is a cryptographic mechanism that safeguards the legitimacy of digital transactions. Many cryptocurrencies, including Bitcoin, use proof of work as the basis for their crypto mining mechanism.
- What is "proof of work" or "proof of stake"? - Coinbase“Proof of work” and “proof of stake” are the two major consensus mechanisms cryptocurrencies use to verify new transactions, add them to the blockchain, and create new tokens. Proof of work, first pioneered by Bitcoin, uses mining to achieve those goals.
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