Questions tagged [proof of work (pow)]

Maria Sun Nov 24 2024 | 7 answers 1663

I'm trying to figure out whether Filecoin is using a Proof of Stake or a Proof of Work mechanism. I need to understand this to have a better grasp of its underlying technology and how it operates.

alexander_smith_musician Sun Nov 24 2024 | 5 answers 1289

The blockchain that uses PoW (Proof of Work) is primarily Bitcoin. PoW is a consensus mechanism in Bitcoin that requires miners to solve complex mathematical problems using computing power, ensuring the security and decentralization of the network.

charlotte_bailey_doctor Mon Oct 28 2024 | 5 answers 816

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.

CryptoQueenBee Sun Oct 27 2024 | 3 answers 501

I'm curious about the future prospects of Ethereum's Proof of Work (PoW) consensus mechanism. Will it continue to be relevant or will it be phased out in favor of more efficient technologies like Proof of Stake (PoS)?

KatieAnderson Fri Oct 18 2024 | 0 answers 0

I'm interested in understanding how to obtain Ethereum using the Proof of Work consensus mechanism. Could you explain the process or guide me through the steps?