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Bit Native Economics Playbook
  • 🅱️Bit Native Economics Playbook
  • Elements of the Bitnative
    • 🧬Element One: Block
    • 💎Element Two: Sats
    • 🔀Element Three: UTXO
    • ⚒️Element Four: PoW
    • 🔟Element Five:BIT
    • 🧮Element Six:DATA
  • Theoretical Basis
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  • More Use Cases
    • ⛽Financial Strategy：BlockFi
    • 🍬Airdrop Strategy：Blockdrop
    • 🎟️Lottery Strategy：Bitlottery
    • 🪙Token Strategy：$BIT
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  1. Elements of the Bitnative

Element Four: PoW

Getting Digital Currency Rewards Based on Proof of Work

PreviousElement Three: UTXONextElement Five:BIT

Last updated 1 year ago

PoW mining is Proof of Work Mining (PoW), a consensus mechanism first introduced and widely adopted by Bitcoin to solve complex mathematical puzzles through the computing power of computers to obtain new digital currency rewards.

PoW can be supported in mode settings, and cell phones and computers can participate, which will increase the popularity of the PoW concept and lower the threshold for entering PoW.

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