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FinTech

What’s Proof Of Labor Pow? The Means It Works In Blockchain

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It is very energy-intensive because the computers have high processing powers and devour substantial electricity. The energy-intensive nature of the Proof-of-Work protocol is considered one of its options that safeguard blockchain networks. In brief, Proof of Work (PoW) is a mechanism created to prevent double-spends in digital payment methods. Bitcoin and plenty of different cryptocurrencies …

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