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The primary goal of this chapter is to clearly explain how blocks are mined in a blockchain. Indirectly, this explains how new currency comes into being, as well as how disparate people forming a network can all reach consensus (agree on the state of the blockchain). And so, you’ll leave this chapter with a practical understanding of Proof of Work—the protocol which achieves this.
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- Proof of Work
Daniel van Flymen
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- Chapter 4