What is Proof of Work? | Proof of Work Explained | Blockchain For Beginners | Simplilearn

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This video on what is Proof-of-Work will take you through all the crucial steps towards learning Proof-of-Stake from beginners to advance. This video on Proof-of-Work or PoW will cover all the necessary concepts lying under this particular technology. This video will also give you an idea of how Proof-of-Work and mining work together, how Proof-of-Work benefits Blockchain Technology, and why it competes with the more advanced consensus method, Proof-of-Stake. Till the end of this video, I can assure you that all your doubts related to this concept will be cleared.
In this video, you will learn:
00:00 - Introduction
01:36 - What is Blockchain Consensus Method?
02:30 - What is Proof-of-Work?
03:21 - Proof-of-Work and Mining
05:33 - Example of Proof-of-Work
06:25 - Pros and Cons of Proof-of-Work
07:12 - Proof-of-Work vs. Proof-of-Stake
08:30 - Cryptocurrencies Using Proof-of-Work
09:42 - Criticism of Proof-of-Work
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➡️About Professional Certificate Program In Blockchain
The blockchain certification program helps the learners start from the fundamentals and then cover all the technical and functional aspects needed to build any blockchain solution using the best tools and techniques in the industry. In this program, they will build smart contracts, and bitcoin wallets, create transactions, fabricode, and more.
✅Key Features
- Program completion certificate from IIT Kanpur and Simplilearn
- Masterclasses from IIT Kanpur faculty
- Seamless access to integrated labs on Simplilearn’s LMS
- Get hands-on experience with a capstone on industry-relevant use cases
- Build skills to become job-ready and advance your career
- Simplilearn's JobAssist helps you get noticed by top hiring companies
✅Skills Required
- Cryptography and Cryptocurrency
- Bitcoin
- Distributed ledger
- Hyperledger
- Ethereum Blockchain
- Consensus
- &more
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