Difference between revisions of "Proof of Work (PoW)"

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(External links: The Cointelegraph)
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==External links==
 
==External links==
  
* '''Wikipedia''': [https://en.wikipedia.org/wiki/Proof-of-work_system Proof-of-work system] ''Retrieved 10/1/2019.''  
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* '''Wikipedia''' : [https://en.wikipedia.org/wiki/Proof-of-work_system Proof-of-work system] ''Retrieved 10/1/2019.''  
* '''Bitcoin Wiki''': [https://en.bitcoin.it/wiki/Proof_of_work Proof-of-work] ''Retrieved 11/13/2019.''  
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* '''Bitcoin Wiki''' : [https://en.bitcoin.it/wiki/Proof_of_work Proof-of-work] ''Retrieved 11/13/2019.''
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* '''The Cointelegraph''' : [https://cointelegraph.com/news/adam-back-on-satoshi-emails-privacy-concerns-and-bitcoins-early-days Adam Back on Satoshi Emails, Privacy Concerns and Bitcoin's Early Days] ''Written by Cassio Gusson, published in 1/20/2020.''
 
* '''Coinmonks [[Medium]] Blog''' : [https://medium.com/coinmonks/proof-of-work-vs-proof-of-stake-for-real-idiots-a23ac4565649 Proof-of-Work vs. Proof-of-Stake for real idiots] ''Written by Patrick Wieth, published in 10/1/2019.''
 
* '''Coinmonks [[Medium]] Blog''' : [https://medium.com/coinmonks/proof-of-work-vs-proof-of-stake-for-real-idiots-a23ac4565649 Proof-of-Work vs. Proof-of-Stake for real idiots] ''Written by Patrick Wieth, published in 10/1/2019.''
  

Revision as of 17:11, 20 January 2020

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

  1. Steem.io : https://steem.io/documentation/how-to-mine/ Retrieved in January, 17th, 2017 and not availabe when checked in March 21, 2018
  2. Steem 0.17 Change Proposal Introduction. Published by @steemitblog in Steemit in January 2017

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