What is Proof of Work? (Cryptocurrency Explanation) [2o3K7piYJ_V]

What is Proof of Work? (Cryptocurrency Explanation) [2o3K7piYJ_V]

| 1h 28m 28s | Video has closed captioning.

What is Proof of Work in cryptocurrencies? Proof of Work can be really confusing, but it's just a way for a bunch of people to compete in a blockchain. The winner gets a mining reward and to add the next block. Proof of Work is the first and most commonly used consensus model - its used by Bitcoin! Learn more about PoS (Proof of Stake): Explore More Whiteboard Crypto: Facebook: @whiteboardcrypto Instagram: @whitreboardcryptoteam Website: www.whiteboardcrypto.com #bitcoin in euro aktuell #rendite bitcoin #bitcoin iran #was bedeutet staking crypto