What is Proof of Work? (Cryptocurrency Explanation)

What is Proof of Work? (Cryptocurrency Explanation)

What is Proof of Work 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. 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 Bitcoin!



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

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