Proof of work: Difference between revisions

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[[file:computation.png|right|frame|Advanced programming<ref>http://www.flaticon.com/</ref>]]
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  [[File:Exclamation.png]] This is student work which has not yet been approved as correct by the instructor
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[[file:Studying.png|right|frame|Case study notes<ref>http://www.flaticon.com/</ref>]]
Proof-of-Work, or PoW, is the original consensus algorithm in a Blockchain network. In Blockchain, this algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded.<ref>https://cointelegraph.com/explained/proof-of-work-explained</ref>


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[[Category:2020 case study]]
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Revision as of 20:32, 8 March 2020

Advanced programming[1]

Proof-of-Work, or PoW, is the original consensus algorithm in a Blockchain network. In Blockchain, this algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded.[2]

Video[edit]

References[edit]