What are the advantages of proof of work?

Question

What are the advantages of using proof of work?

Answer 1

In blockchain networks, proof of work (PoW) is a consensus process used to verify transactions and protect the network. PoW has the following benefits:

• The network is kept extremely secure by it.

• It allows for a decentralized network. 

• It guarantees that every network user has an equal chance to validate transactions to earn rewards. 

• It offers a reliable network.

If you want to know about proof of work, then check out the below video for more information.