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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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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Consensus algorithms validate transactions on blockchain 79%
79%
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Consensus algorithms ensure the integrity of blockchain transactions 88%
88%
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High transaction fees deter people from using Bitcoin 52%
52%
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Anyone can mine bitcoin using specialized computers 51%
51%
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Bitcoin uses blockchain to verify and record each transaction accurately 89%
89%
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