Cryptocurrency Q&A
How does Ethereum PoW work?
How does Ethereum PoW work?
charlotte_bailey_doctor
Mon Oct 28 2024
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5 answers
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Ethereum PoW, or Ethereum Classic, is a blockchain that continues to use the Proof of Work consensus mechanism. Miners solve complex mathematical problems to validate transactions and create new blocks, earning ETHW as rewards. This system was the original consensus mechanism of Ethereum before it switched to Proof of Stake.
5 answers
Silvia
Wed Oct 30 2024
The Ethereum Proof of Work (PoW) mechanism operates on a fundamental principle.
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GwanghwamunGuardianAngelWingsBlessing
Wed Oct 30 2024
Nodes within the Ethereum network are tasked with finding a specific number.
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CryptoLegend
Tue Oct 29 2024
This number, when paired with the block's header data, undergoes a cryptographic process.
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FantasylitElation
Tue Oct 29 2024
The outcome of this process is a hash value, which must meet a certain criterion to be valid.
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Margherita
Tue Oct 29 2024
The criterion is that the hash value must match the current target. This target is a dynamic value.
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