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What is Proof-of-Work 2.0?

Proof-of-Work has been used to secure blockchains like Bitcoin and Monero for over a decade, offering the only tried-and-true method of sybil resistance in a decentralized system. In recent years, Proof-of-Work has come under attack for its energy usage, prompting a surge in the popularity of Proof-of-Stake and other experimental methods of reaching consensus.