Cryptocurrency Q&A
Is ethereum classic still PoW?
Is ethereum classic still PoW?
Valentina
Thu Dec 26 2024
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5
answers
1380
I'm wondering if Ethereum Classic is still using the Proof of Work consensus mechanism or if it has switched to a different system.
5 answers
Nicola
Sat Dec 28 2024
Miners utilize computational power to solve intricate mathematical puzzles.
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EthereumEmpire
Sat Dec 28 2024
The process of solving these puzzles serves as a means to verify transactions.
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Alessandra
Sat Dec 28 2024
Ethereum Classic employs a consensus mechanism known as Proof of Work (PoW).
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SunlitMystery
Sat Dec 28 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services.
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BlockchainBaroness
Sat Dec 28 2024
This mechanism involves validators on the network, commonly referred to as miners.
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