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Author Topic: Solve the problem, Prove your work (PoW), Don't trust, verify(Trustless)  (Read 52 times)
Ucy (OP)
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July 17, 2026, 04:28:05 PM
 #1

This is basically the process Bitcoin miners undergo to add transactions to the Blockchain.
First, to select someone to add transactions to the Blockchain, the Bitcoin system presents a problem that requires solution from miners, the miners compete to solve the problem, the first miner to solve it correctly get to add the transaction to the Blockchain and wins some bitcoins. But before this, the miner provides proof that he actually solved the problem correctly, the proof is verified by nodes and Bitcoin is awarded to the miner.
This is part of the idea behind Proof of Work and Trustless


And it is the kind of standard you should follow if you don't want to be cheated or scammed by others. It can also be used in grading Bitcoin related projects or works before they are approved and/or rewarded.
The verification should be based on fact that a project, work or claim should be with little to zero fault/issue, or according to what you want. I prefer a faultless solution rather than what I want.
Finally  if you want to be more certain get the Bitcoin Community to help in the verification.

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SquirrelJulietGarden
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July 17, 2026, 04:35:45 PM
 #2

And it is the kind of standard you should follow if you don't want to be cheated or scammed by others. It can also be used in grading Bitcoin related projects or works before they are approved and/or rewarded.
The verification should be based on fact that a project, work or claim should be with little to zero fault/issue, or according to what you want. I prefer a faultless solution rather than what I want.
Finally  if you want to be more certain get the Bitcoin Community to help in the verification.
Don't trust, verify is very right reminder but I disagree to rely on Bitcoin community to help in verifying quality of a project and other things. It's risky because in the community, there are scammers and if people are not careful, they can be scammed too.

From good intention (verifying information, project) to be safe, they eventually will be scammed if they trust scammers in the community.

My advice is more simpler, don't trust verify, but if you can not verify things by yourself, don't try to find "opportunities and also high risks" with new projects. You will face with more risks than opportunities while Bitcoin is already a very strong project, highly secured blockchain, and very good for long term investment. No need of finding new "germs" and lose money to them, if your verifying practice fails.

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July 17, 2026, 05:01:42 PM
 #3

This is basically the process Bitcoin miners undergo to add transactions to the Blockchain.
First, to select someone to add transactions to the Blockchain, the Bitcoin system presents a problem that requires solution from miners, the miners compete to solve the problem, the first miner to solve it correctly get to add the transaction to the Blockchain and wins some bitcoins. But before this, the miner provides proof that he actually solved the problem correctly, the proof is verified by nodes and Bitcoin is awarded to the miner.
This is part of the idea behind Proof of Work and Trustless

This is nothing new because we mostly have an idea of how proof of work operates and how miners get rewarded for Bitcoin after solving complex mathematical equations; the more this remains as it was will always lead to an increase in reliability over the network and the trust we have in it as well. Everything is being found more easily with the use of blockchain technology.

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July 18, 2026, 07:49:45 PM
 #4

And it is the kind of standard you should follow if you don't want to be cheated or scammed by others. It can also be used in grading Bitcoin related projects or works before they are approved and/or rewarded.
What do you mean as bitcoin related projects? I think you are referring to altcoins. If you are referring to them, just be very careful as I think you may be new to cryptocurrencies.

Proof of work only means miners are solving a puzzle to compete for a block reward and the the transaction fees included in the block mined by miner.

Trustless means you have to verify everything on the blockchain to make sure that you are not scammed. This is where it is used most about bitcoin. Also when bitcoin address message is signed, you can verify if the person that signed it is the owner of the bitcoin address.

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