POW POWER Mining New Force
POWPOWER has been focusing on the mining area for 4 years, is the official distributor of IPollo, and has established long-term partnerships with Bitmain, Avalon, Jas miner, inno, Whatsminer and Goldshell.
PoW, the full name of Proof of Work, is proof of work, also known as mining. Most public chains or virtual currencies, such as Bitcoin and Ethereum, are based on the PoW algorithm to realize their consensus mechanism. That is, according to the effective work of the mining contribution, the distribution of the currency is determined.
What is Proof of Work
Proof of Work ( PoW ) calculates a value ( nonce ) so that the hash value of the content after smashing the transaction data satisfies the specified upper limit. After the node successfully finds a satisfactory Hash value, it will immediately broadcast the packaged block to the entire network, and the node of the network will immediately verify it after receiving the broadcasted packaged block.
If the verification is passed, it means that a node has successfully solved the puzzle, and he no longer competes for the current block packaging, but chooses to accept the block, record it in his own ledger, and then perform the competition guessing for the next block. Only the fastest block in the network will be added to the ledger, and other nodes will copy it, thus ensuring the uniqueness of the entire ledger.
If the node has any cheating behavior, it will cause the node verification of the network to fail, and the packaged block will be discarded directly. This block cannot be recorded in the general ledger, and the cost of the cheating node will be wasted. Therefore, in the huge Under the mining cost, miners voluntarily abide by the consensus protocol of the Bitcoin system, which ensures the security of the entire system.