Cryptocurrency Q&A
What crypto is still proof-of-work?
What crypto is still proof-of-work?
Valentina
Sat Oct 26 2024
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6
answers
1243
I'm wondering which cryptocurrencies are still using the proof-of-work mechanism for their consensus algorithm. I want to know which ones haven't switched to proof-of-stake or other methods.
6 answers
CosmicDream
Mon Oct 28 2024
This mechanism involves miners solving complex mathematical problems to validate transactions.
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Martina
Mon Oct 28 2024
Bitcoin Cash employs the proof of work consensus mechanism.
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GeishaMelody
Sun Oct 27 2024
Litecoin also utilizes proof of work to ensure the integrity of its blockchain.
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Silvia
Sun Oct 27 2024
Miners on the Litecoin network engage in similar computational tasks to those on Bitcoin Cash.
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Valeria
Sun Oct 27 2024
Both cryptocurrencies rely on this method to maintain network security and prevent double-spending.
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