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Mining · Modern Bitcoin

Proof of work

Proof of work requires miners to expend computation and energy to propose blocks, giving nodes an objective way to compare competing valid histories by accumulated work.

Why it matters

Proof of work requires miners to expend computation and energy to propose blocks, giving nodes an objective way to compare competing valid histories by accumulated work.

Key ideas

Primary and technical sources

Bitcoin Developer DocumentationBitcoin.orgBitcoin: A Peer-to-Peer Electronic Cash SystemSatoshi Nakamoto

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