Proof-of-Work (PoW)
Definition of what Proof-of-Work (PoW) stands for (in finance):
A blockchain security mechanism where miners solve cryptographic puzzles to validate transactions and secure the network.
More Term Definitions
- Real-Time Credit Transfer Payments (RTP) Definition
- Initial Coin Offering (ICO) Definition
- Smart Contract Definition
- Automated Clearing House (ACH) Definition
- Monetary Policy Definition
