3 Proof-of-work protocols focused on building Web 3.0 By Cointelegraph

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The proof-of-work (PoW) consensus mannequin is the mechanism that kicked off the revolution that launched (BTC) in 2009 and it was the mannequin of alternative behind lots of the widespread initiatives within the early fledgling years of the crypto ecosystem.

As time progressed, different consensus fashions like proof-of-stake (PoS) rose in reputation, particularly as the price of operating mining rigs, the fixed must replace gear and environmental issues led to the PoW mannequin falling out of favor with many.

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