Is BSV proof of work?

BSV is the Only Complete Blockchain System Proof-of-Work : Proof-of-Work brings accountability and competition to network operators.

Instead of a Proof of Work (PoW) algorithm , Chainlink uses a mechanism that works as Proof of Stake (PoS) coins and node operators secure the network by validating transactions. Validators also stake their tokens to participate in the process of connecting external data sources on-chain.

It is officially confirmed that Dogecoin, the meme-based cryptocoin, will now migrate from POW to the POS model . It is because the POS offers an unmatched advantage over the POW model. It was confirmed by Vitalik Buterin, who said he is helping the Dogecoin Foundation migrate the doge consensus method to PoS.

There are two major consensus mechanisms used by most cryptocurrencies today. Proof of work is the older of the two, used by Bitcoin, Ethereum 1.0 , and many others. The newer consensus mechanism is called proof of stake, and it powers Ethereum 2.0, Cardano, Tezos and other (generally newer) cryptocurrencies.