Proof of Work (PoW)

Oleh CoinGecko | Diperbarui pada Mar 03, 2020
An algorithm that rewards the first person that solves a computational problem (i.e. mining) to achieve distributed consensus. Miners compete to solve difficult cryptographic puzzles in order to add the next block on the blockchain. It prevents spam and cyber attacks such as DDoS as it requires work (i.e. processing time) from the service requester.

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Persyaratan Terkait

Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
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