To achieve consensus, the bitcoin network uses what’s called a proof of work (PoW) mechanism. This may sound complicated but the idea is a simple one. Because we can’t rely on the identity of the miners to select who creates the next block, we instead create a puzzle that is hard to solve (i.e., it takes a lot of work), but easy to verify (i.e., everyone else can check the answer very quickly). Participants agree that whoever solves the problem first gets to create the next block. Miners
