What is Proof of Work (PoW)?

Proof of Work = Method in classic "Mining"

With Proof of Work the algorithm rewards miners who solve mathematical problems with the goal of validating transactions in creating new blocks. They are verifying thing in the blockchain and they have to challenge against each other in a competitive state. This means that they have to get better and better (more powerful hardware) continuously to stay ahead or on par with the competition.

Read about Proof of Stake (PoS)

 

 

Shared Masternodes by Goldnode

Goldnode offers services for splitting/sharing and managing Masternodes. Masternodes are servers that operate blockchain technology and gets rewards by doing so. Get your seat and join in on the rewards!

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