Proof of work (PoW) is a way that transactions on a blockchain network are validated and verified. To validate transactions and add a new block to the blockchain, PoW miners compete with one another to solve challenging mathematical problems. The first miner to complete the problem receives a specified amount of cryptocurrency tokens as payment. Cryptocurrencies that use PoW include Bitcoin (BTC) and Dogecoin (DOGE).
The other popular…
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