Terenval Crypto Glossary · Русская версия

Proof of Work

Definition: Proof of Work is the consensus mechanism Bitcoin uses to make block production computationally costly and to select a chain according to accumulated work.

Miners repeatedly hash candidate block headers while varying data until a valid hash satisfies the current network difficulty target.

How this concept appears in Terenval Wallet

Terenval Wallet does not create Bitcoin consensus; it uses the Bitcoin network whose transaction finality and block ordering are secured through Proof of Work.

Important: Proof of Work secures consensus but does not protect a user from signing a transaction to the wrong address.

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Published and technically reviewed by Terenval; product claims are first-party information.