5min chapter

Coin Stories with Natalie Brunell cover image

Jaime Leverton: Without Bitcoin Miners There is No Bitcoin

Coin Stories with Natalie Brunell

CHAPTER

The Importance of Proof of Work

Jamie Alden: I'm actually kind of curious because proof of work is so important, have you found a way that you like to easily explain it to someone who is just new coming in. What is proof of work and why is it so critical? How do you explain it? The dominant feature in proof of work that is so critically important and differentiates it from the other digital assets out there is the decentralization. That's the fundamental difference. And then again, if we get into the energy conversation, I bring it back to the flexible load working with the grid and then all of the innovation that's being driven into benefit the environment directly by the industry. Completely 100% agree

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