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Q. What's Staking? - Staking is when people agree to lock up an amount of cryptocurrency in exchange for the chance to validate new blocks of data to be added to a blockchain. These validators, or “stakers,” put their crypto into a smart contract that’s held on the blockchain. The blockchain algorithm selects validators to check each new block of data based on how much crypto they’ve staked. The more you stake, the better your chance of being chosen to do the work. When the data that’s been cleared by the validator is added to the blockchain, they get newly minted crypto as a reward.🤑

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Q. What's Pow? - Proof of work (PoW) is a blockchain consensus mechanism that requires significant computing effort from a network of devices. The concept was adapted from digital tokens by Hal Finney in 2004 through the idea of "reusable proof of work" using the 160-bit secure hash algorithm 1 (SHA-1) Following its introduction in 2009, Bitcoin became the first widely adopted application of Finney's PoW idea (Finney was also the recipient of the first bitcoin transaction). Proof of work is also the mechanic used in many other cryptocurrencies.

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