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What are the advantages of using proof of work?

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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. 

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