> Glossary term

Proof of Work (PoW)

Proof of Work (PoW) — the original consensus algorithm (used in Bitcoin) that involves solving a complex computational problem using mining hardware. The miner who first solves it adds a new block to…

Proof of Work (PoW) — the original consensus algorithm (used in Bitcoin) that involves solving a complex computational problem using mining hardware. The miner who first solves it adds a new block to the blockchain and receives a reward for doing so.

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Read: What is Proof-of-Work, and How Does It Work?