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Jul 22

POS & POW

POS (Proof of Stake) and POW (Proof of Work) are two consensus mechanisms used in blockchain networks to validate and secure transactions. Proof of Work (POW) is the original consensus algorithm used by Bitcoin and many other cryptocurrencies. In POW, miners compete to solve complex mathematical puzzles to validate transactions and add them to the blockchain. This process requires a significant amount of computational power and energy consumption. The miner who solves the puzzle first is rewa...

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POS & POW

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