Proof of Work (PoW)

Добавил пользователь CoinGecko | 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.

Поделитесь с друзьями!

Похожие термины

Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
The Metaverse is a virtual space where users are able to interact with each other in a computer generated environment.
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Хотите узнать еще что-нибудь?
Вернитесь к глоссарию или подпишитесь на нашу рассылку.
coingecko (thumbnail mini)
CoinGecko для iOS
coingecko (thumbnail mini)
CoinGecko для Android