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POW (Proof of Work) and POS (Proof of Stake) are two different consensus mechanisms used in blockchain systems to ensure transaction security and consistency in a decentralized network. However, they operate in distinct ways. POW (Proof of Work) How it works: POW requires miners to solve complex mathematical puzzles to validate transactions and add them to a block. This process consumes significant amounts of electricity and computational power. The first miner to solve the puzzle earns the right to add the next block and is rewarded with new coins. Example: Bitcoin is the most well-known cryptocurrency using POW. Security: The security of POW relies on the computational power of miners. The more miners in the network, the more secure it is. To attack the system (like a 51% attack), an attacker would need to control more than half of the total computing power, which is extremely difficult.
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