What is Proof of Work? Definition & Guide
Cryptocurrencies are known for their high level of security â and in many cases, that security is made possible by a proof-of-work (PoW) algorithm. The proof-of-work consensus algorithm is currently used by Bitcoin, Ethereum, Dogecoin, Litecoin, and many other cryptos (although the Ethereum network is transitioning to a different algorithm known as proof-of-stake). Proof of […]
The post What is Proof of Work? Definition & Guide appeared first on SoFi.