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on May 2, 2021
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What is Chia cryptocurrency and why is it bad news...
What you describe is an instance of the Hashcash Proof-of-Work. There are many other types of PoW, which don't amount to just computing a hash function [1].
[1]
https://cryptorials.io/beyond-hashcash-proof-work-theres-min...
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[1] https://cryptorials.io/beyond-hashcash-proof-work-theres-min...