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Jun 16, 2014 If any single miner or collective group of miners (known as a pool) were ever able to account for 51% of the total hashing power on the network, those miners would be able to exert significant power over the entire blockchain. (See here for our intro primer to Bitcoin and an explanation for how the network 

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Oct 25, 2017 By definition, Proof-of-Work means to solve the hash function and prove the result is correct. While it's hard to unravel the function, it's easy for other miners to verify the result once a miner gets it – just putting it back to the function to see if it works out, like an algebraic problem. If it does, congrats! Here's the