How does ‘proof of work’ work? #crypto #blockchain #shorts

You may already know that a blockchain is a series of digital ledgers or "blocks" of data.

You may also be aware that these blocks are stored on interlinked computers or nodes.

So, let's say there's new information that needs to be validated before it's added to the blockchain.

For this to happen, there has to be a consensus among the various nodes.

That is where consensus mechanisms come in.

The technical term for proof of work is mining.

Mining is a consensus mechanism where individuals or groups compete through their computers to guess the answer to a mathematical problem.

The first one who solves it "wins" and earns the right to add a transaction (or block) to the blockchain.

This trial-and-error process consumes electricity.

If you are still thinking about what is Proof Of Work?

In this video, I will take you through “What exactly is “Proof Of Work”.

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