Proof of Work

Trustless consensus via difficulty-adjusted PoW is the innovation

Bitcoin’s difficulty-adjusted proof-of-work is the innovation. Without it, trustless digital scarcity and immutability is impossible.

Read the following, in order:

  1. A failure to understand proof of work is a failure to understand Bitcoin
  2. Memes vs The World - How information differs from physical objects
  3. Bitcoin is Time - How Bitcoin decentralizes time itself
  4. Bitcoin’s Energy Consumption - A shift in perspective


Visit endthefud.org/PoW for a collection of articles that explain why proof-of-stake is a non-solution to the problems that Bitcoin solves.


Data & Reports

Reports by Arcane Research, the Bitcoin Mining Council, and the Bitcoin Clean Energy Initiative.

Conversations

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