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GlossaryProof-of-Work (PoW)

Proof-of-Work (PoW)

Proof of Work is the consensus mechanism that keeps Bitcoin and other blockchains safe, requiring miners to solve complex puzzles to validate transactions and create new blocks.

This system is quite energy-intensive but ensures a high secured network.

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Venga Europe S.L. (provider of the Venga App) is registered as a Virtual Asset Service Provider and Custodian with the Bank of Spain under registration number D945