Proof-of-work (POW)

By: argentstrategies June 29, 2022

A cryptographic proof in which members of a network expend effort solving mathematical puzzles to validate transactions on a blockchain. Typically referenced in cryptocurrency mining, validating the transactions of a given blockchain, and recieving new tokens as a reward. Bitcoin is the most commonly referred to cryptocurrency utilizing POW.

150 SE 2nd Ave #330, Miami, FL 33131
© Argent Strategies . All Rights Reserved 2022. Powered by Smarty Pantz Marketing