Ethereum PoW

What is Ethereum PoW?

The Ethereum blockchain, using the Proof of Work (PoW) consensus mechanism, is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). PoW is a consensus algorithm where miners compete to solve complex mathematical puzzles to validate transactions and create new blocks on the blockchain.

Which are some of Ethereum PoW's key features?

Key features of Ethereum PoW include:

How does Ethereum PoW work?

Ethereum PoW operates by miners competing to solve computationally intensive puzzles. These puzzles require significant computational power and electricity consumption, ensuring the security and immutability of the blockchain. Once solved, the validated transactions are added to the blockchain as a new block, and the miner is rewarded with newly minted Ether.