Proof-of-Work
Revision as of 05:05, 23 September 2022 by Emhavis (talk | contribs) (Created page with "Proof-of-Work, or PoW, is the original consensus algorithm in a blockchain network. In other blockchains (e.g., Bitcoin and Ethereum), this algorithm is used to confirm transactions and produce new blocks in the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded. =References= <references /> =Related Pages= Category:LKPP Document Category:Algorithms Category:Blockchain Concept </noinclude>")
Proof-of-Work, or PoW, is the original consensus algorithm in a blockchain network. In other blockchains (e.g., Bitcoin and Ethereum), this algorithm is used to confirm transactions and produce new blocks in the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded.
References