Cryptocurrency Q&A
Is Monero proof of work?
Is Monero proof of work?
Tommaso
Mon Nov 25 2024
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6 answers
1530
I'm interested in understanding the technical background of Monero. Specifically, I want to know if Monero uses a proof of work mechanism in its blockchain technology.
6 answers
Giuseppe
Wed Nov 27 2024
RandomX is designed to be both efficient and secure.
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Michele
Wed Nov 27 2024
It requires miners to solve complex mathematical problems to validate transactions.
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DigitalWarrior
Wed Nov 27 2024
Monero operates on a unique mechanism to ensure the authenticity of its transactions.
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CryptoChieftainGuard
Wed Nov 27 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among these services are spot trading, futures trading, and a secure wallet. Users can buy, sell, and store a variety of cryptocurrencies, including Monero, on BTCC's platform.
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Stefano
Wed Nov 27 2024
This mechanism is called the proof-of-work algorithm.
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