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What is proof - of - work? a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order
What is proofofwork?
a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions blocks on the distributed ledger or blockchain
a way to validate transactions and achieve a distributed consensus
a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems; it operates independently of a central bank
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