Proof-of-Work

From CoinWiki
Revision as of 22:20, 16 March 2018 by QuintonP (talk | contribs) (Created page with "Proof-of-work is a system that uses mining verify block transactions. Miners compete to solve a mathematical problem or block. Once the block is solved, the person who sol...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Proof-of-work is a system that uses mining verify block transactions. Miners compete to solve a mathematical problem or block. Once the block is solved, the person who solved it is given the reward. Afterwards, the transaction is verified and stored in the blockchain.