Cryptocurrency Q&A Is Syscoin proof-of-work?

Is Syscoin proof-of-work?

JejuSunshineSoulMate JejuSunshineSoulMate Sat Oct 26 2024 | 6 answers 779
I'm curious about Syscoin and its underlying technology. Specifically, I want to know if Syscoin uses the proof-of-work mechanism for its blockchain validation process. Is Syscoin proof-of-work?

6 answers

Giulia Giulia Mon Oct 28 2024
Syscoin operates as a Layer 2 solution for Bitcoin.

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amelia_jackson_environmentalist amelia_jackson_environmentalist Mon Oct 28 2024
It utilizes a merge-mining process alongside Bitcoin.

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Tommaso Tommaso Sun Oct 27 2024
This merge-mining approach allows Syscoin to piggyback on Bitcoin's mining power.

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CryptoTitaness CryptoTitaness Sun Oct 27 2024
Syscoin introduces a modular Proof-of-Work blockchain framework.

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OpalSolitude OpalSolitude Sun Oct 27 2024
This framework aims to enhance Bitcoin's capabilities.

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