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Results tagged with proof-of-work
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user 50299
This tag should be used for questions regarding how Proof of Work works and Proof of Work algorithms. Proof of Work is a scheme where a 3rd party can verify that someone performed at least a certain amount of work to produce something. This is used in Bitcoin mining.
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Why miners solve a puzzle in proof of work
I am new to block chain, In PoW, I know a puzzle is given to the miners to solve and the miner who solve the puzzle and find the nonce first will create the block.
But I don't understand why there is …
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What happens to the blockchain after the miner wins the puzzle?
I have some problems understanding the flow of consensus mechanism, so far I know, In PoW when validating a transaction the miners will compete with each other to solve a puzzle, the miner who find th …
- 135