![]() And the mining process usually requires specialized hardware, such as CPUs, GPUs, or a newer type of mining hardware called ASIC. Proof-of-work cryptocurrencies require users to mine the specific coin or token in order to secure the network. While some of them work based on consensus mechanisms such as PoS (Proof-of-Stake), PoA (Proof-of-Authority), or PoC (Proof-of-Capacity), others stick to Bitcoin’s consensus mechanism, PoW (Proof-of-Work).
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