Questions tagged [proof of work]

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InfinityVoyager InfinityVoyager Sat May 18 2024 | 6 answers 1164

Is RNDR proof of work?

I'm wondering if RNDR really utilizes proof of work as its consensus mechanism. I've heard a lot about blockchain technology and the various ways it achieves distributed consensus, but I'm still a bit hazy on the specifics. Proof of work, as I understand, involves miners solving complex mathematical problems to validate transactions and secure the network. So, does RNDR follow this traditional model, or does it adopt a different approach? I'd like to have a clearer picture of how this cryptocurrency operates under the hood. Could you please clarify this for me? It would greatly help in my understanding of the cryptocurrency landscape.

Is RNDR proof of work?

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