Glossary
Proof of work
Also called: mining
A consensus method where producing a block requires spending real computation, and therefore real electricity. Bitcoin uses it.
See also
Proof of stakeA consensus method where the right to produce blocks depends on assets staked as collateral, which can be destroyed for misbehaviour. Ethereum and most newer networks use it.
BlockA batch of transactions added to the chain at once. Networks differ enormously in how often one arrives — about ten minutes on Bitcoin, under a second on BNB Chain.
Last checked 19 Oct 2026.