Difference between revisions of "Proof of Work (PoW)"
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'''Proof of Work (PoW)''' is a blockchain protocol in which the creator of the next block is asked to do some work both difficult (processing time consuming) to produce but easy to verify. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated. | '''Proof of Work (PoW)''' is a blockchain protocol in which the creator of the next block is asked to do some work both difficult (processing time consuming) to produce but easy to verify. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated. | ||
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| + | When lauched, one option to earn Steem was by mining. In the Steem official site there was a step by step instruction page: [https://steem.io/documentation/how-to-mine/ How to mine Steem] (retrieved in January 17th, 2017 and not availabe when checked in March 21, 2018).<ref>'''Steem.io''' : https://steem.io/documentation/how-to-mine/ Retrieved in January, 17th, 2017 and not availabe when checked in March 21, 2018</ref> Mining steem was possible since before the first payouts made in [[July 4th]], 2016 and, according to the [https://steemit.com/steem/@steemitblog/steem-0-17-change-proposal-introduction Hard Fork 0.17 Change Proposal] announced in January, 10th, 2017, being ceased with the removal of [[Proof of Work (PoW)]].<ref>[https://steemit.com/steem/@steemitblog/steem-0-17-change-proposal-introduction Steem 0.17 Change Proposal Introduction]. Published by '''@steemitblog''' in [[Steemit]] in January 2017</ref> An article about [[Setting up a Miner]] was created here in [[Steem.center]] at that time. | ||
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| + | ==References== | ||
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| + | <references /> | ||
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| + | ==Links== | ||
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| + | * '''@bitcoin-journal''' : [https://steemit.com/@bitcoin-journal/what-is-the-difference-between-proof-of-work-and-proof-of-stake-in-cryptocurrency What Is the Difference Between Proof of Work and Proof of Stake in Cryptocurrency?] ''March 21, 2018'' | ||
==Related articles== | ==Related articles== | ||
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* [[Consensus]] | * [[Consensus]] | ||
* [[Proof of Stake (PoS)]] | * [[Proof of Stake (PoS)]] | ||
| + | * [[Setting up a Miner]] | ||
==External links== | ==External links== | ||
Revision as of 10:53, 21 March 2018
Proof of Work (PoW) is a blockchain protocol in which the creator of the next block is asked to do some work both difficult (processing time consuming) to produce but easy to verify. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated.
When lauched, one option to earn Steem was by mining. In the Steem official site there was a step by step instruction page: How to mine Steem (retrieved in January 17th, 2017 and not availabe when checked in March 21, 2018).[1] Mining steem was possible since before the first payouts made in July 4th, 2016 and, according to the Hard Fork 0.17 Change Proposal announced in January, 10th, 2017, being ceased with the removal of Proof of Work (PoW).[2] An article about Setting up a Miner was created here in Steem.center at that time.
References
- ↑ Steem.io : https://steem.io/documentation/how-to-mine/ Retrieved in January, 17th, 2017 and not availabe when checked in March 21, 2018
- ↑ Steem 0.17 Change Proposal Introduction. Published by @steemitblog in Steemit in January 2017
Links
- @bitcoin-journal : What Is the Difference Between Proof of Work and Proof of Stake in Cryptocurrency? March 21, 2018
Related articles
External links
- Wikipedia: Proof-of-work system
In other languages
- 日本語 (Japanese): プルーフ・オブ・ワーク（PoW）
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