DeutschWhat is Proof-of-Work?
Proof-of-Work is a consensus algorithm responsible for creating coins. In networks based on the Proof of Work (PoW) method, users receive rewards (rewards) for using their computing power to solve complex, elaborate cryptography tasks. As a result, new blocks are created in the respective blockchain. Users receive rewards of varying amounts for confirming these blocks. This process is called mining in the Bitcoin blockchain and other systems. Since the Proof-of-Work method is very energy-intensive, the Proof-of-Stake method has become established as an alternative.
