What is Proof of Work?

Published by Cyber Flows on

It is a consensus protocol, also known as mining and used by many cryptocurrencies. It has the primary goal of deterring cyber-attacks.

Proof of work comes in the form of an answer to a mathematical problem.

The miner who manages to solve the riddle mines the next block, adding it to the chain and validating the transactions within it, and receiving the reward associated with the block.

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