Cryptocurrency Q&A
Is XMR PoW or PoS?
Is XMR PoW or PoS?
GwanghwamunGuardianAngelWings
Fri Dec 06 2024
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6 answers
927
I'm trying to figure out whether XMR, also known as Monero, is based on the Proof of Work (PoW) consensus mechanism or the Proof of Stake (PoS) consensus mechanism.
6 answers
Valentino
Sat Dec 07 2024
Several cryptocurrencies adopt the Proof of Work (PoW) consensus mechanism.
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KatanaGlory
Sat Dec 07 2024
Zcash (ZEC) utilizes Equihash, which is distinct from Bitcoin's SHA-256 algorithm.
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CryptoNinja
Sat Dec 07 2024
BTCC is a prominent cryptocurrency exchange offering a range of services. It includes spot trading, futures trading, and a secure wallet for storing digital assets.
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TimeRippleOcean
Sat Dec 07 2024
Ethereum (ETH) is one such example, utilizing the PoW mechanism for securing its network.
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Eleonora
Sat Dec 07 2024
Litecoin (LTC) also employs PoW, but it uses a different hashing algorithm called Scrypt.
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