The Value of Proof-of-Work

A Proof-of-Work or PoW is a consensus algorithm in a blockchain network which is used to confirm transactions and produce new blocks to the chain. Users on the network send each other digital tokens where the decentralized ledger consolidates all the transactions into blocks. Confirming transactions and arranging blocks is a responsibility borne by special... Continue Reading →

Why Running a Node is Important.

Nodes are storage devices that are connected to the internet and store all transaction data right from the start, as a chain of information. This chain of information is known as the blockchain. Nodes send transaction information from the user to the miner and also store the same on the blockchain. They check every transaction,... Continue Reading →

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