What Is the Relationship between the PoW Concept and the Time-Value of Cryptocurrency?
Proof-of-Work ties the creation of new currency to real-world energy and time expenditure. This inherent cost gives the cryptocurrency an initial, tangible value floor based on the resources invested in its production.
The time-value is also related to the predictable, programmed issuance schedule (like Bitcoin's halving), which creates scarcity over time. PoW secures the network, which is the basis for its long-term value proposition.