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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Artists use algorithms to create digital installations 67%
67%
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Artists use algorithms to create digital installations
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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Security risks due to complex algorithms used 75%
75%
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Lack of regulatory clarity impedes widespread Bitcoin use 61%
61%
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Algorithms used in big data analytics can be biased or flawed 94%
94%
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Convenience drives customers to use bitcoin payments 76%
76%
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