Cryptocurrency Q&A
Is Bitcoin SV proof of work?
Is Bitcoin SV proof of work?
Valentina
Thu Dec 26 2024
|
6 answers
1372
I'm wondering if Bitcoin SV operates on a proof of work basis, similar to other cryptocurrencies that require computational power to validate transactions and create new blocks in the blockchain.
6 answers
JejuSunshineSoulMate
Sat Dec 28 2024
Mining Bitcoin SV can be done passively.
Was this helpful?
391
47
DongdaemunTrendsetter
Sat Dec 28 2024
The Proof-of-Work (PoW) consensus mechanism is utilized by Bitcoin SV.
Was this helpful?
230
94
Martino
Sat Dec 28 2024
This mechanism involves powerful computing devices.
Was this helpful?
206
89
Sara
Fri Dec 27 2024
These devices are tasked with solving complex mathematical computations.
Was this helpful?
157
65
SakuraFestival
Fri Dec 27 2024
Miners earn rewards for their efforts in the form of newly-minted Bitcoins.
Was this helpful?
57
27
Load 5 more related questions
