What is Proof of Work? (Cryptocurrency Explanation)

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Published 2021-04-11
What is Proof of Work in cryptocurrencies? Proof of Work can be really confusing, but it's just a way for a bunch of people to compete in a blockchain. The winner gets a mining reward and to add the next block. Proof of Work is the first and most commonly used consensus model - its used by Bitcoin!



Learn more about PoS (Proof of Stake):
   • What is Staking in Crypto (Definition...  

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All Comments (21)
  • @ReverseJP
    Nice content! My Left ear are happy to learn this much of crypto in so high quality video.
  • @SidTheBot
    My left ear is full of 'Proof of Work'
  • I love your work. Thanks a lot. everything is explained in the simplest way possible.
  • @Jam-ht2ky
    love your videos. Thank you for producing such a high quality videos and still keeping it somehow simple and easily understandable. I read the whole Ethereum documentation and your videos are still very helpful watch
  • @popelee6130
    Amazing Video, keep it up, this channel is going places!
  • It would be cool to get your shorted notes or transcript pdf for each video explainer.
  • @rj-ye1il
    Hi I love all your vids but wanted to know: Are some videos deleted? I can’t find some of the videos you reference throughout the channel, but you’ve been teaching me a lot so I want to watch them all!
  • Thank you, have been watching your channel for couple of weeks ago and it's really make sense and it really help me through..
  • cool content Whiteboard Crypto. I broke that thumbs up on your video. Maintain up the very good work.
  • @mypussiehurts
    underrated video bro, keep it up. Hitting the subscribe button.
  • Your content is awesome! Kindly cover the whole concept in a single video dont recommend another video for full understanding or maybe make videos in sequence so that we develope concept regarding current video Thanks!