Proof of Work (PoW)

Author:

Published:

Updated:

« Back to Glossary Index

Definition of “Proof of Work (PoW)” :

“Proof of Work (PoW) is a consensus algorithm used in blockchain technology that requires a participant, called a miner, to solve a complex computational problem to validate and add new transactions to the blockchain. This process ensures security and prevents fraudulent activities.”

« Back to Glossary Index

Latest guides