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.

You may also like

MORI COIN Now Available on WEEX Spot

MORI COIN Now Available on WEEX Spot

MORI COIN (MORI) is now listed on WEEX with the MORI USDT trading pair. As the official memecoin of Professor Moriarty, MORI features gamified community rewards, no token tax, and a cult-like following. Trade MORI USDT on WEEX Spot starting July 7, 2025.

WEEX|2025/07/08 07:46:04
Amazon xStocks (AMZNX) Now Get Listed on WEEX Spot

Amazon xStocks (AMZNX) Now Get Listed on WEEX Spot

Amazon xStocks (AMZNX) is now live on WEEX with the AMZNX USDT trading pair. This tokenized certificate mirrors Amazon stock via Solana SPL and ERC‑20 formats, offering compliant 24/5 equity exposure on-chain. Trade AMZNX USDT on WEEX Spot starting July 7, 2025.

WEEX|2025/07/08 07:30:48
Palio (PAL) Now Trading on WEEX Spot

Palio (PAL) Now Trading on WEEX Spot

Palio (PAL) is officially listed on WEEX with the PAL USDT trading pair. As an AI-powered game series featuring personalized AI companions, NFT crafting, and player-driven economies, PAL offers immersive Web3 gaming experiences. Trade PAL USDT on WEEX Spot starting July 7, 2025.

WEEX|2025/07/08 07:22:55
Blockprompt (BLPT) Now Listed on WEEX Spot

Blockprompt (BLPT) Now Listed on WEEX Spot

Blockprompt (BLPT) is officially listed on WEEX with the BLPT USDT trading pair. As an AI-native creative marketplace for prompt trading, NFT minting, and content monetization, BLPT delivers access to innovative tools and rewards. Trade BLPT USDT on WEEX Spot from July 7, 2025.

WEEX|2025/07/08 07:08:59
Fone Network (FONE) Now Available on WEEX Spot – Trade FONE USDT Today

Fone Network (FONE) Now Available on WEEX Spot – Trade FONE USDT Today

Fone Network (FONE) has been listed on WEEX with the FONE USDT trading pair. This mobile-first blockchain token supports DePIN, NFTs, AI functionalities, and staking returns up to 10%. Trade FONE USDT now via WEEX Spot starting July 7, 2025.

WEEX|2025/07/08 06:45:47
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MMbd@weex.com

VIP Servicessupport@weex.com