Proof-of-Work is a consensus mechanism used by many cryptocurrencies, including Bitcoin, to achieve distributed consensus on the state of the blockchain. In a Proof-of-Work system, miners compete to solve a complex mathematical problem, which requires significant computational power. The first miner to solve the problem gets to add a new block to the blockchain, and in return, they are rewarded with a certain amount of the cryptocurrency. By requiring computational power to solve the problem, Proof-of-Work ensures that new blocks are added to the blockchain in a decentralized and trustless manner, and also helps to prevent double-spending and other forms of fraud. Additionally, Proof-of-Work consumes a lot of energy, which makes it difficult to manipulate the blockchain and also makes it more secure. #proofofwork #bitcoin
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