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Glossary 16

date:  22/02/2021

Proof of Work (PoW)

A consensus algorithm that secures a blockchain by proving that a certain amount of computational effort has been expended. Verifying this expenditure can, however, be done with minimal effort.

Immutable

Something immutable (like a block in the blockchain) is characterised by its inability to change - it remains the same over time, making falsification more difficult to do and more easily traceable.