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Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0
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The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem.
As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many.
As a result, projects looking to employ a proof-of-work model have had to adapt to stay aligned with the demands of the wider market. This has led to the emergence of projects that offer a more environmentally and economically friendly approach to PoW,
Read more on cointelegraph.comAbout this in other media
Bitcoin and Ethereum Hold Crucial Support, Smaller Altcoins Surge cryptonews.com /2 years ago
What Algorand’s curious price trajectory says about the altcoin ambcrypto.com /2 years ago
Altcoin Roundup: 3 signs that show crypto mass adoption is underway cointelegraph.com /2 years ago
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