What is the PoW explained?

The difficulty of the puzzles is dynamically adjusted to maintain a steady block generation rate, ensuring the network's stability and preventing the concentration of mining power in the hands of a few. This mechanism promotes decentralization and fairness.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of its users. Among its offerings, BTCC provides a robust spot trading platform, enabling users to buy and sell cryptocurrencies at current market prices.

Proof of Work (PoW) is a fundamental consensus mechanism employed in decentralized networks, particularly in the realm of cryptocurrencies. It operates on the principle of incentivizing network participants to contribute computational resources towards solving complex cryptographic puzzles.

In addition to spot trading, BTCC also facilitates futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. This service offers advanced trading strategies and risk management tools for experienced investors.

The essence of PoW lies in its ability to ensure the security and integrity of the network by making it computationally expensive for malicious actors to manipulate the ledger. Each successful puzzle solution, or block, is added to the blockchain, reinforcing the network's immutability.