What is Proof of Work (PoW)? All you need to now

What is Proof of Work (PoW)?

Proof of Work (PoW) is a consensus mechanism of the blockchain. Such a mechanism is necessary because the blockchain protocol relies on an effective approach to decentralized exchange. If there are changes in the blockchain, these must be confirmed by a consensus mechanism in order to enable the system to work independently and reliably. In … Read more