Bitcoin uses a proof-of-work consensus algorithm 76%

Truth rate: 76%
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Bitcoin uses a proof-of-work consensus algorithm
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Info:
  • Created by: Antônia Cavalcante
  • Created at: Sept. 23, 2024, 9:52 p.m.
  • ID: 10576
Related:
Proof-of-work consensus mechanisms ensure blockchain integrity 94%
94%
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The proof-of-work consensus mechanism secures the network 90%
90%
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Proof-of-work is an energy-intensive and inefficient method 83%
83%
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Advanced consensus algorithms help to increase blockchain throughput significantly 92%
92%
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Decentralized networks rely on consensus algorithms for validation 74%
74%
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Consensus algorithms ensure the integrity of blockchain transactions 88%
88%
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Consensus algorithms secure the network from 51% attacks 67%
67%
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Software art created using algorithms can be predictable 37%
37%
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Software art created using algorithms can be predictable
Anyone can mine bitcoin using specialized computers 51%
51%
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Robo-investing uses algorithmic trading strategies 77%
77%
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Robo-investing uses algorithmic trading strategies