Proof of Work definition

Proof of Work means a consensus mechanism that requires all miners that are participants to the DLT to solve complex mathematical puzzles to validate a new transaction, adding a block to the chain and permanently and irreversibly recording a new transaction;
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Proof of Work means the consensus mechanism that allows the Ethereum network to come to consensus, or agree on things like account balances and the order of transactions;
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Proof of Work means document(s) that a Class Member may submit to the
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Examples of Proof of Work in a sentence

  • Proof of Work Safe BC registration, including proof of up to date assessment payments in the form of a Work Safe BC Certificate of Compliance letter.

  • Incorporation of Masternodes, Proof of Stake, Proof of Work, and DApps are all part of our GEM System.

  • Consensus and multiparty agreements - Protocols, Proof of Work, Proof of Stake, Delegated Proof of Stake, Proof of Elapsed Time, Deposit based consensus, Proof of importance, Federated consensus or Federated Byzantine consensus, Reputation-based mechanisms, Practical Byzantine Fault Tolerance.

  • Proof of Work: Under proof of work consensus miners performing computational work on the network update the ledger; miners are incentivized to protect the network and put forth valid transactions because they must invest in hardware and electricity for the opportunity to mine coins on the network.

  • Such determination will be based on the evaluation of a Bid compared to the specific requirements and qualifications contained within this Solicitation and attachments.

  • Consensus is a mechanism used to achieve the necessary agreement on a single data value or a single date of the network among distributed processes or multi-agent systems.10 Algorithms widely known in the blockchain industry are Proof of Work (POW) and Proof of Stake (POS).

  • A number of digital asset blockchains are verified via the consensus algorithm known as Proof of Work.

  • To be more precise, Bitcoin (and most other cryptocurrencies out there) use what is known as Proof of Work (PoW): each new block has a unique hash connecting it to the chain, and all nodes are constantly trying to calculate that hash.

  • Data synchronization and distributed cooperation can make sure that all participants receive the same and correct result.Common algorithm of blockchain includes Proof of Work, Proof of Stake and Delegated Proof of Stake that are often used in public chain, and Practical Byzantine Fault Tolerance (PBFT), RAFT that are often used in consortium chain.

  • Audited balance sheet(s) & Proof of Work/ purchase orders and completion certificates.


More Definitions of Proof of Work

Proof of Work means document(s) that a Class Member and/or PAGA Employee
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Proof of Work or “PoW” means the system used by the Bitcoin protocol to ensure that Miners are working for the good of the network, through the mathematical proof that a Miner expended a computational effort to secure the Blockchain, which proof is easily verifiable by the other participants in the Bitcoin Network with minimal computing effort;
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Related to Proof of Work

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • Work Order means an individually negotiated document that is executed by both Parties and which authorizes a Project, if any, in an indefinite quantity Contract.

  • SOW means the document specifying, without limitation, the scope, objective, and time frame of the Work that Supplier will perform for Cisco.

  • Programme of work means the Programme of work submitted by the contractor and approved by the Engineer-in-charge and includes and amendment thereto made from time to time and approved by the Engineer-in-charge;

  • Scope of Work means the description of Services and Deliverables specified in the Contract and as may be amended.

  • Task Order means a separate order issued under this Contract.

  • Completion of work means completion of the entire contracted work. Exhaustion of quantity of any particular item mentioned in the bid document shall not imply completion of work or any component thereof.

  • The Work Order means the order placed by the Purchaser on the Supplier signed by the Purchaser including all attachments and appendices thereto and all documents incorporated by reference therein. The Work order shall be deemed as "Contract" appearing in the document.

  • Type of Work means (insert the type of work you expect to supply the Agency Worker into);

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Period of Work means the time during which an employee is at the disposal of the employer;

  • Stop Work Order means the written Notice, delivered in accordance with this Agreement, by which the State may require the Contractor to stop all, or any part, of the Work of this Agreement, for the period set forth in the Stop Work Order. The Stop Work Order shall be specifically identified as such and shall indicate that it is issued pursuant to the Stop Work provision in this Exhibit B.

  • Research Plan shall have the meaning set forth in Section 2.1.

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Scope of Works means the sections of the RFQ detailing the technical requirements of the work to be carried out as existing at the Date of Acceptance of the Quotation and any modification of such Works thereafter directed or the use of which has been permitted by the Superintendent for the purposes of the Contract.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • DESCRIPTION OF WORK [INSERT] SUBMISSION DEADLINE: [INSERT] APPROXIMATE SPECIFICATIONS: [ ] words; [ ] pages; [ ] images/drawings/figures

  • The Work means each and every activity required for the successful performance of the services described in Section II, the Terms of Reference.

  • Service Order Form means our standard Service Order Form for Services, or any other order form that we agree with you in writing that incorporates the provisions of this DPA;

  • Service Order or “Contract” or “Agreement” shall mean the Service Order / Agreement and all attached exhibits and documents referred to therein and all terms and conditions thereof together with any subsequent modifications thereto;

  • Development Work means, with respect to a Project, the work of development to be performed on or with respect to the Land (including, without limitation, the installation of utilities, roads and all related on-site and off-site improvements) in connection with the development of the Land for the subsequent construction thereon of Homes, all of which work and construction shall be completed by or on behalf of the Borrower in accordance with the Development Work Plans and Specifications, but shall not include the Homes.

  • Development Plan means that information and those requirements for a development set forth in section 16.

  • hours of work means time during which seafarers are required to do work on account of the ship;

  • TITLE OF WORK [INSERT] I am the Principal / Corresponding Author of the Work, and my contact details are found in the signature block below. In order to submit the Work for publication with Xxxxxxx Science, I understand that:  it is necessary to complete and submit this Copyright Letter, along with the Subscription Journal Publication Terms & Conditions and the attached Schedules;  this Copyright Letter, along with the Subscription Journal Publication Terms & Conditions and the attached Schedules, together comprise the copyright assignment and publishing agreement between myself and Xxxxxxx Science relating to the Work; and  while primarily contemplating publication in Xxxxxxx Science subscription journal/s, this documentation also allows me to select an option (“Open Access Plus”) and pay an associated fee to have the Work published on an open access basis. I have signed and dated this Copyright Letter, the Subscription Journal Publication Terms & Conditions, and the Schedules. Please have these documents countersigned on behalf of Xxxxxxx Science, and return a copy to me by email at your nearest opportunity. Yours faithfully Name: Principal / Corresponding Author of the Work (“Assignor”) Affiliation: Address: Fax: Telephone: Email 1: Email 2: [v.122016] SUBSCRIPTION JOURNAL PUBLICATION TERMS & CONDITIONS

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Cloud Service Order Form means all written order forms or other ordering documentation for Cloud Services entered into by SAP, or a SAP SE Affiliate or a reseller of SAP SE or an SAP SE Affiliate, and Prime Contractor.