Skip to content

Proof of Work (PoW)

    Proof of work (PoW) is a type of algorithm that rewards the first user (miner) that succeeds in solving a complex computational problem (mining). This system can achieve distributed consensus or agreement amongst multiple users on the blockchain network. Miners in a proof of work system compete to solve cryptographic problems to add a block to the blockchain. A proof of work system prevents spam and cyberattacks such as DDoS by requiring computational processing time from miners.