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Bitcoins and Blockchains: Cryptocurrency Explained

5 Live Science Podcast

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The Proof of Work Principle of Bitcoin

The underlying code of Bitcoin sets this criteria for what the eventual answer has to be. But who's in charge of finding out what the number you add to it is to get there? That's the puzzle. You're basically doing this hashing over and over again with different values until you get the answer. The proof of work principle is that we accept the chain, which is the longest.

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