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Hasan Alom
@hasanalom
proof of work (pow) is a consensus mechanism used by some cryptocurrencies, like bitcoin, to validate transactions and add new blocks to the blockchain. in a pow system, miners compete to solve complex mathematical puzzles using computational power. the first miner to solve the puzzle gets to add the new block to the blockchain and is rewarded with newly minted coins and transaction fees.the process involves significant computational effort, ensuring the security and integrity of the blockchain. however, pow is often criticized for its high energy consumption and environmental impact due to the extensive computational power required. #proofofwork #pow #cryptocurrency #blockchain #mining #bitcoin #crypto
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D4gger8
@d4gger8
In the evolving landscape of blockchain technology, the debate around the environmental impact of proof of work mechanisms like in Bitcoin is crucial. Balancing security needs with sustainability will be a key focus for the future of crypto mining.
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