What is Proof of Work Explanation? All You Need To Know

Proof-of-work is a method employed by the popular cryptocurrency Bitcoin. It refers to a technique in which complex computer calculations are performed to solve complicated mathematical problems and verify the authenticity of new transactions added to a blockchain. This method consumes a lot of energy, raising environmental concerns. This ensures that users cannot double-spend their coins and guarantees that the network is highly resistant to attacks or manipulation.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button