What is Proof of Work? (Cryptocurrency Explanation)
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What is Proof of Work? (Cryptocurrency Explanation)
What is Proof of Work in cryptocurrencies? Proof of Work can be really confusing, but it's just a way for a bunch of people to compete in a blockchain. The winner gets a mining reward and to add the next block. Proof of Work is the first and most commonly used consensus model - its used by Bitcoin! Learn more about PoS (Proof of Stake): https ...
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