Tuesday, June 18, 2024

Proof of Work (PoW)

Proof of Work (PoW) is an algorithm that rewards the first person to solve a computational problem (mining) to achieve distributed consensus.

Miners race to solve difficult cryptographic puzzles in order to add the next block to the blockchain. It protects against spam and network attacks such as DDoS because it requires work (i.e. processing time).

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