PoW (Proof-of-Work)

The Proof of Work consensus means that the miners that mine the cryptocurrency run the network.

What is PoW (Proof-of-Work)?

They receive a reward for their work. But of course, this reward isn't physical. Miners use computing power, and after calculating the hash function and creating a new block, they are rewarded for extracting the cryptocurrency. PoW uses, for example, Bitcoin or Litecoin for its operation. 

WEXO Blog

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