Proof Of Work

Proof Of Work ideology was first introduced in 1993 to combat spam Emails. However, the technique went largely unused until
Satoshi Nakamoto used it for Bitcoin. He realized that this procedure could be used to reach a consensus between many nodes on a network, and he used this as a way to secure the Bitcoin blockchain. The proof of work mechanism works by solving a cryptographic puzzle; the puzzle is solved by miners, and the first one to solve the puzzle gets the miner reward.

Proof Of Work gives more rewards to better and more equipment. Having…

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