Proof of Work

読了時間: 2 For those who don’t know, proof of work is the name of the consensus algorithm used by Bitcoin and its forks, of which eCash is one. It’s called proof of work, because in order to be rewarded with new coins, computers must “work” to find the solution to a difficult problem. This is done through trial and error as these “miners” try countless answers over and over again until the right one is found. The one who does is rewarded with coins. Proof of work is the foundation Bitcoin is built on, and I’ve always thought that was kind of perfect. Because in addition to being the name of the […]