3.4 Proof of Work Consensus Algorithm

Participants in the blockchain network are rewarded based on their contributions to the creation of blocks. To achieve this, participants execute a Proof of Work (PoW) through the blockchain's consensus algorithm, a process known as "mining".

Proof of Work (PoW): This is a mechanism for verifying and confirming transactions by solving complex mathematical problems. Miners compete to generate new blocks by solving these problems and are rewarded with block rewards.

Hash Function: Based on the Keccak-256 (SHA-3) hash function.