Questions tagged [pow]

SolitudeSeeker Tue Oct 15 2024 | 6 answers 1067

I heard that Bitcoin, as a decentralized digital currency, relies on a specific mechanism for transaction verification and blockchain addition. I want to confirm if Bitcoin is still using the PoW consensus mechanism, which involves solving complex mathematical problems through computational power, as it has implications for its security, scalability, and energy consumption.

AltcoinExplorer Tue Oct 15 2024 | 6 answers 1067

I'm interested in understanding the fundamental differences between the two consensus mechanisms in Ethereum: Proof of Work (PoW) and Proof of Stake (PoS). Specifically, how do they differ in terms of their operational principles, security, energy consumption, and impact on the decentralization of the network?

HanbokGlamour Mon Oct 14 2024 | 5 answers 1228

I'm curious about the consensus mechanism used by Bittensor. Specifically, I want to know if it employs a Proof of Work (PoW) or Proof of Stake (PoS) approach.

DigitalDuke Sat Oct 12 2024 | 7 answers 1594

I'm trying to understand the concept of Proof of Work (PoW). Could someone please explain what it is and how it works in simple terms?

Daniele Sat Oct 12 2024 | 7 answers 1034

I'm wondering if Bitcoin Cash uses the Proof of Work consensus mechanism, just like the original Bitcoin. I want to know if it's PoW or if it has switched to a different system.