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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  • Created by: Antônia Cavalcante
  • Created at: Sept. 23, 2024, 9:52 p.m.
  • ID: 10576
Related:
The proof-of-work consensus mechanism secures the network 90%
90%
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Proof-of-work consensus mechanisms ensure blockchain integrity 94%
94%
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Proof-of-work is an energy-intensive and inefficient method 83%
83%
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Energy-efficient consensus algorithms reduce the carbon footprint 83%
83%
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Unpredictable transaction fees make it difficult to budget for Bitcoin use 93%
93%
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Artists use algorithms to create digital installations 67%
67%
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Artists use algorithms to create digital installations
Security risks due to complex algorithms used 75%
75%
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Consensus algorithms secure the network from 51% attacks 67%
67%
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Search engines rank optimized web pages using algorithms 59%
59%
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Search engines rank optimized web pages using algorithms
Consensus algorithms validate transactions on blockchain 79%
79%
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