π¨ Mining
Mining is the process of solving a complex puzzle to validate a block. The first miner to solve it adds the block and receives a reward.
π Proof-of-Work (PoW)
PoW ensures security and decentralization. It requires:
Time-consuming computation
Easy verification by others
Difficulty adjusting to maintain block timing
β οΈ Energy Concern:
PoW is secure but energy-intensive. Ethereum and others are now using Proof-of-Stake to save resources.