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Proof of Work is a mining process aiming at producing a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify. In the case of mining Monero, the CryptoNight PoW is used.

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How does CryptoNight "depend on all the previous blocks"?

Originally, I thought the CryptoNight puzzle was similar to the SHA2 puzzle, with a more exotic hash function replacing SHA2. In other words, the puzzle was essentially H(prev||nonce) < diff, but with …
Ian MathWiz's user avatar