What Does POW Mean in a Text?
The Quick Answer
POW means "Prisoner of War" and "Proof of Work."Prisoner of War
POW is widely used as an abbreviation for the term "Prisoner of War." In this context, a POW is any person captured or interned by a belligerent power during war.Proof of Work
In a cryptocurrency context, POW means "Proof of Work." It is a system by which cryptocurrency miners compete against each other to solve a complex problem. The first miners to solve the problem are rewarded with digital currency. POW forms the basis of many cryptocurrencies, including Bitcoin. However, POW requires huge amounts of energy, prompting calls for a move away from POW in favor of Proof of Stake (POS), which produces lower energy emissions.Image for POW
When I write POW, I mean this:
"Prisoner of War"
Summary of Key Points for First Definition
"Prisoner of War" is, by far, the most common meaning for POW when it is used in a text. (Bear in mind that it could have another meaning if used in a different context.)POW | |
---|---|
Definition: | Prisoner of War |
Type: | Abbreviation |
Guessability: | 2: Quite easy to guess |
Typical Users: | Adults and Teenagers |
Summary of Key Points for Second Definition
"Proof of Work" is the most common definition for POW in a cryptocurrency context.POW | |
---|---|
Definition: | Proof of Work |
Type: | Abbreviation |
Guessability: | 4: Difficult to guess |
Typical Users: | Specialists |
Example of POW Used in a Text
POW
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ALGORITHMIC STABLECOIN (cryptocurrency with value based on algorithm)
BLOCKCHAIN (public online ledger (cryptocurrency term))
CRYPTOCURRENCY (digital or virtual currency)
CT (crypto Twitter, conspiracy theory/theorist, computerized tomography)
HODL (hold on for dear life (cryptocurrency term))
STABLECOINS (cryptocurrencies with value pegged to an external reference)
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