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:
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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Online investment platforms use algorithms to advise clients 77%
77%
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Online investment platforms use algorithms to advise clients
Software art created using algorithms can be predictable 37%
37%
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Software art created using algorithms can be predictable
Lack of regulatory clarity impedes widespread Bitcoin use 61%
61%
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Digital product sellers like Steam and Microsoft use Bitcoin for in-game purchases 62%
62%
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Security risks due to complex algorithms used 75%
75%
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High transaction fees deter people from using Bitcoin 52%
52%
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Bitcoin uses blockchain to verify and record each transaction accurately 89%
89%
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