With the rise of cryptocurrencies, questions about their environmental impact have become increasingly prevalent. As digital currencies gain popularity and mainstream adoption, concerns have been raised about the energy consumption and carbon footprint associated with their mining and transaction processes. In this article, we will delve into the environmental implications
Proof of Work
⚙️ Proof of Work (PoW) is a consensus algorithm used in many cryptocurrencies to validate transactions and create new blocks. Miners compete to solve complex mathematical problems, and the first to solve it gets to add the block and receive a reward. Explore how PoW secures networks like Bitcoin, understand its energy consumption, and discover alternatives like Proof of Stake. Dive into the mechanics of PoW and its role in decentralized systems.