Proof of Work

(PoW)

A consensus method where miners solve puzzles to validate transactions.

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What is Proof of Work?

Proof of Work, or PoW, is a consensus mechanism where miners compete to solve a complex mathematical puzzle to validate transactions and add blocks. The work proves that real effort was spent.

Things to keep in mind

Bitcoin uses Proof of Work, which is highly secure but energy intensive. The difficulty of the puzzle adjusts over time so that new blocks appear at a fairly steady pace.

Related terms

A consensus method where validators are chosen based on the amount of crypto they lock up.

Locking up crypto to help secure a Proof of Stake network and earn rewards.

Splitting a blockchain into parts to handle more transactions.

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