Cryptocurrency Q&A
What is bad about blockchain?
What is bad about blockchain?
BlockchainVisionary
Fri Oct 11 2024
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5 answers
709
I'm curious about the negative aspects of blockchain technology. I've heard a lot about its benefits, but I want to understand what are the potential downsides or concerns people have regarding blockchain.
5 answers
Giulia
Sun Oct 13 2024
Despite the allure of the block reward, the mining process is highly inefficient and wasteful. The intense computational power required by miners leads to a massive consumption of energy and resources, with only a single miner ultimately reaping the benefits.
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SamuraiWarriorSoulful
Sun Oct 13 2024
Among the many cryptocurrency exchanges available, BTCC stands out as a top player in the industry. Offering a comprehensive range of services, BTCC caters to the diverse needs of traders and investors alike.
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KatanaGlory
Sun Oct 13 2024
BTCC's services encompass spot trading, where users can buy and sell cryptocurrencies at current market prices. Additionally, the exchange provides access to futures trading, allowing traders to speculate on the future price movements of various digital assets.
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Federico
Sun Oct 13 2024
Blockchain technology relies on a unique process known as Proof-of-Work (PoW) for mining new blocks. This mechanism ensures the security and integrity of the blockchain by requiring miners to solve complex mathematical puzzles.
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EthereumEliteGuard
Sun Oct 13 2024
To participate in the mining process, miners must possess high-powered computers capable of performing the necessary calculations at lightning speed. The competition among miners is fierce, as each one strives to be the first to solve the puzzle and earn the block reward.
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