Tag: blockchain mining

History of Proof of Work in Cryptocurrency: From Anti-Spam Tool to Bitcoin's Foundation

History of Proof of Work in Cryptocurrency: From Anti-Spam Tool to Bitcoin's Foundation

Proof of work began as an anti-spam tool in the 1990s, evolved through Hashcash and RPOW, and became the backbone of Bitcoin. Despite energy concerns and Ethereum's shift to proof-of-stake, PoW remains the most secure consensus mechanism for decentralized digital money.

Read More