Proof of Work (PoW)

A decentralized consensus mechanism using mathematical puzzles to validate block creation, confirm transactions, and mine tokens to increase the asset’s supply. A new block is created when a miner discovers the randomly-generated target hash. A group of transactions are then confirmed to the new block. The miner is given a block reward in exchange for the private computing power used to solve the puzzle. The energy resources required to solve puzzles deter malicious transactions and spam.