What Is Proof-of-work PoW? All You Need to Know
Nakamoto published a famous white paper describing a digital currency based on proof of work protocols that would allow secure, peer-to-peer transactions without the involvement of a centralized authority. Winning miners only receive their reward of new cryptocurrency after other participants in the network verify that the data being added to the chain is correct and valid. Being a time-tested model for securing public blockchains means that PoW will likely continue to play a key role as the industry onboards…
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