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
Litecoin: Digital silver and Bitcoin's younger brother
One of the oldest cryptocurrencies, which has taken Bitcoin as its model, is now one of the leading altcoins. Due t...
Read more
Bitcoin touches new milestone. Work meetings will move to metav...
WEXO NEWS: 90% of all Bitcoins have been mined. Bill Gates predicts that business meetings will move to the metaver...
Read more
Bitcoin is more ECO than banks or the gold mining industry
Bitcoin is blamed for energy consumption. But what would be the result if we compare it with the banking system or...
Read more
Proof-of-Work vs Proof-of-Stake: Dilemma of the cryptocurrency'...
Today, we know of several networks with different chaining methods, but the best known are "Proof-of-Work" (PoW) an...
Read more
NFTs soon on Instagram. EU will not ban bitcoin mining
WEXO NEWS: Be one step ahead with Wexo. You can find out what's new in the world of cryptocurrencies and what news...
Read more
We are suspending withdrawals and deposits of ETH and ERC-20 to...
WEXO wants to maintain user safety and reduce business risks associated not only with price volatility, and therefo...
Read more