logo

Proof of Work (PoW)

By: WEEX|2024/10/26 10:48:39

Proof of Work (PoW) is a consensus algorithm that requires network participants (miners) to solve complex mathematical puzzles to validate transactions and create new blocks. The first miner to solve the puzzle gets to add a new block to the blockchain and is rewarded with newly minted cryptocurrency and transaction fees. PoW ensures network security by making it difficult and resource-intensive for any single entity to take control of the network. However, it consumes significant computational power and energy. Example: Bitcoin and Ethereum (before ETH 2.0) use PoW, where miners compete to solve cryptographic puzzles to add blocks to the blockchain.

Também poderá gostar de

Partilhar
copy

Em alta

Comunidade
icon
icon
icon
icon
icon
icon
icon

Apoio ao cliente：@weikecs

Cooperação empresarial：@weikecs

Trading quant. e criação de mercados：[email protected]

Serviços VIP：[email protected]