Cryptocurrency Q&A
What is the algorithm for Bitcoin cash?
What is the algorithm for Bitcoin cash?
Elena
Mon Dec 23 2024
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7 answers
1369
The algorithm for Bitcoin Cash is a modified version of the original Bitcoin algorithm. It uses the same SHA-256 hashing algorithm for mining and transaction processing but with adjusted parameters to allow for larger block sizes and faster transaction processing. This was done to address some of the scalability issues faced by Bitcoin.
7 answers
CryptoTamer
Wed Dec 25 2024
If blocks are generated slower than expected, the difficulty is adjusted downwards.
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GangnamGlitz
Wed Dec 25 2024
Bitcoin Cash utilizes a sophisticated mechanism for adjusting its mining difficulty.
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amelia_harrison_architect
Wed Dec 25 2024
Specifically, for every two days of delay, the difficulty is halved.
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Daniele
Wed Dec 25 2024
Conversely, if blocks are generated faster than expected, the difficulty is increased.
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SsamziegangSerenadeMelody
Wed Dec 25 2024
This algorithm is known as aserti3-2d, which stands out for its efficiency.
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