Hello friends, today I want to talk to you about two important concepts in the world of cryptocurrencies: proof of work and proof of stake. I'll explain what these concepts are, how they work, their advantages and disadvantages, and a bit about their future. Let's get started.
What's Proof of Work (PoW)? 😋
PoW is a consensus mechanism used in blockchains to verify and add transactions to the distributed ledger. PoW was initially introduced as a solution to prevent cyberattacks, but today it is best known as the consensus mechanism of blockchains like Bitcoin and Ethereum (before Ethereum 2.0). follow for more information. #BTC #ETH #GateioInto11 #ContentStar #BOME
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Hello friends, today I want to talk to you about two important concepts in the world of cryptocurrencies: proof of work and proof of stake. I'll explain what these concepts are, how they work, their advantages and disadvantages, and a bit about their future. Let's get started.
What's Proof of Work (PoW)? 😋
PoW is a consensus mechanism used in blockchains to verify and add transactions to the distributed ledger. PoW was initially introduced as a solution to prevent cyberattacks, but today it is best known as the consensus mechanism of blockchains like Bitcoin and Ethereum (before Ethereum 2.0).
follow for more information.
#BTC #ETH #GateioInto11 #ContentStar #BOME