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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Facial recognition uses algorithms to identify people 88%
88%
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Facial recognition uses algorithms to identify people
Search engines rank optimized web pages using algorithms 59%
59%
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Search engines rank optimized web pages using algorithms
Robo-investing uses algorithmic trading strategies 77%
77%
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Robo-investing uses algorithmic trading strategies
Advanced consensus algorithms help to increase blockchain throughput significantly 92%
92%
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Energy-efficient consensus algorithms reduce the carbon footprint 83%
83%
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The development of more efficient consensus algorithms is ongoing 80%
80%
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Lack of regulatory clarity impedes widespread Bitcoin use 61%
61%
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