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What is Proof of Work? (Cryptocurrency Explanation)

April 11, 2021 9:36 81

What is 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 A blockchain is a digital ledger of transactions that works from a decentralized network. A blockchain is a digital ledger of transactions that works from a decentralized network.Learn more. 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 BitcoinBitcoin (btc)1$ 49,341.600.16%0.65%-12.22%details!

Learn more about PoS (Proof of Stake):
youtu.be/vZ2UZdB07fo

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