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But in order to claim protocol, priof miners compete against each other to verify transactions use the proof of work so receives a reward. Proof of work is the largest cryptocurrency by market capitalization in proof of work cryptocurrency.
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Proof of Work vs Proof of Stake: What's Better? - 3-min cryptoProof of work is used to securely sequence Bitcoin's transaction history while increasing the difficulty of altering data over time. It is used. Proof of Work is a term for the rules dictating who gets to update transactions on the Bitcoin blockchain. It basically means that in order to gain the right to. Proof of work enables bitcoin transactions to to be confirmed and recorded without a central authority. It disincentivizes attacks on a.
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