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Proof Of Work Superior For Bitcoin

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There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network.

Many people have been asking themselves which one is better, and why? In this article, I’ll go over some of the main benefits and drawbacks of each consensus mechanism.

Let’s dive in.

What Is Proof-Of-Work (PoW)?

Proof-of-work is a decentralized consensus mechanism first introduced by Bitcoin (BTC). We will use the Bitcoin network as an example to understand the proof-of-work consensus mechanism.



First published here

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Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
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