Most layer 1 blockchain networks use Proof of Work (PoW) which involves using sophisticated mining hardware that demands significant amounts of electricity. While PoW mining is expensive, many miners can and do afford the necessary infrastructure. The blockchain industry then adopted Proof of Stake (PoS), which involves staking cryptocurrencies to generate blocks and earn rewards based on the amount they have staked. Though PoS removes the need for sophisticated hardware and electricity, many nodes on PoS networks are hosted in the cloud, making both centralized and decentralized entities gain control over the network. The FLUX ecosystem announced the Proof of Useful Work (PoUW) mechanism to overcome the issues faced by traditional blockchains by redirecting the excessive computing power used for solving complex algorithms to real-world applications. Let’s explore more about PoUW in this blog. Read the full blog here - https://www.cryptominerbros.com/blog/what-is-proof-of-useful-work/