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What is Proof of Work?

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Whiteboard Crypto
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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 BitcoinBitcoin1$ 18,953.350.18%-6.01%-15.89%details!

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

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