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# <center>THE IDEA BEHIND POW</center>
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<center>Ethereum Classic has taken the model of proof-of-work to heart and as miners and avid supporters of ETC I want to give My view to why Proof-of-Work works for us.</center>

<center>It always helps to analyze the word we intend to discuss, which in this case is ’proof-of-work’. Basically the name explains the process and principle behind it – to create something we want proof that it required some sort of ‘work’ to produce it. A basic view of work can be taken from physics where it is defined as power X time.</center>

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<center>![](https://cdn.steemitimages.com/DQmfKfLKT4wf6Hqe58TDaXuxQQGmLtDS9AXyUxsw2GCYyZ6/image.png)</center>

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<center>Power can be defined in many different ways though. Power could be anything from a body doing physical labor, a computer consuming electricity or a brain solving a complex mathematical problem, basically anything that consumes energy in any way could be considered as power. By then multiplying our determined constant power with the time it takes to deplete a amount of energy we have the remaining ‘work’. If we then look at what we managed to produce from our consumed power we have a pretty good scale of how much work is required to create any one thing. </center>

# <center>GOLD — A OLD SCHOOL FORMULA THAT WORKS</center>
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<center>The work that is required for something to be produced combined with the scarcity of the item are two of the most important factors to determining a fitting market price. Gold has both these traits and it is a formula that has been shown to beat the test of time when looking at the shiny minerals lifetime that spans over 100’s of years – steady trending upwards with ‘brief’ valleys of value deterioration.</center>

<center>Gold must be extracted, or mined from the earth itself requiring a hefty amount of physical labor over a relatively long period of time, thus using up a lot of work to produce gold. Add to that the fact that the mineral has a scarce supply and visually striking appearance and the formula for golds success is complete.</center>

# <center>ETC — A MODERN FORMULA THAT WORKS</center>
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<center>Just like gold must be mined with a lot of work being put into it, the network token for the Ethereum Classic blockchain (ETC) requires computers to solve puzzles in order for participants to receive the scarce token, which require electricity to run. The puzzles are designed in such a way that they utilize the factors of time and power to create a balanced incentive by adjusting the difficulty level as more participants ‘mine’ on the blockchain — one could see it as more miners participate, less of the extractable resource remains to be divided and therefore it is harder to find the resource then it was before.</center>

<center>This is a digital simulation of how a mineral would be extracted in the real world in many ways and its success for creating value in digital currencies that have a network that can be controlled through a blockchain has proven to work extremely well looking at Bitcoins (BTC) recent market value.</center>

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<center>![](https://cdn.steemitimages.com/DQmQieb4Kk9c2MAmGhQxZtFJrUDvmQhwCAvvJdvQ33FKWkD/image.png)</center>
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<center>Gold and Ethereum Classic have a lot more in common that one could think in other words, with a key difference being that gold is something physical that can be held and turned into something beautiful with almost endless possibilities. ETC does not have a visual appeal or physical presence, but it does provide us with endless possibilities in different ways then gold does. It gives us real utility and not just something to calm our vanity, it gives us the power to create and change much of the current world we live in for the better. It gives us a modern, scarce and virtual resource made for this era.</center>

# <center>ENDING THOUGHTS</center>
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<center>With ETC not only being a scarce virtual currency like Bitcoin, but also being the needed resource to build applications on its blockchain, combined with strong, brilliant minds working on its infrastructure – ETC seems poised to be perfect for building applications on and acting as an profitable investment. We hope you enjoyed to read my views of Proof-of-Work and thank you all for reading.</center>