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Little Boy 2024
@littleboy2024
Proof of work: A system that requires a not-insignificant but feasible amount of effort to deter frivolous or malicious uses of computing power, such as sending spam emails or launching denial-of-service attacks. Proof of work is one of the consensus mechanisms for achieving agreement on the blockchain network to confirm transactions and produce new blocks to the chain. With proof of work, miners compete against each other to validate transactions and get rewarded.
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