Thursday, January 16, 2020 10:18:17 PM
Since mid-2017, bitcoin miners' salary share has increased by 250 percent, while that of ether, the second-largest cryptocurrency, has dropped significantly.
Proof-of-work is a consensus algorithm for blockchain networks where miners find blocks by solving cryptographically hard puzzles. This is in contrast to the proof-of-stake (PoS), where validators lock up the respective cryptocurrency to claim their stake in the ecosystem.
Strongest coin
The fact that bitcoin miners are drawing significantly higher salaries than their counterparts is not surprising, given bitcoin is the strongest PoW-powered coin with the largest network effect and the longest
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