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

• Created by: Antônia Cavalcante
• Created at: Sept. 23, 2024, 9:52 p.m.
• ID: 10576

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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Decentralized networks rely on consensus algorithms for validation ^74%
74%


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Convenience drives customers to use bitcoin payments ^76%
76%


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The development of more efficient consensus algorithms is ongoing ^80%
80%


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Bitcoin uses cryptography for secure transactions ^73%
73%


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Digital product sellers like Steam and Microsoft use Bitcoin for in-game purchases ^62%
62%


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Consensus algorithms secure the integrity of blockchain data ^84%
84%