PoW is like a digital gold rush, where miners expend computational power in the hope of striking it rich with cryptocurrency rewards.
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The Mining Process
The process of 'mining' is used to add new capital in the cryptocurrency database.
Mining is a verification process that works on the blockchain using a massive amount of computing power. The 'miners' who use such strong computing power 'earn' cryptocurrency for each verificati...
New coins are created during the process known as 'mining'.
As compensation for spending their computational resources, the miners ...
Proof of stake
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
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