EthereumElite
Fri Dec 06 2024
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5 answers
886
What are the cons of Proof of Work?
I'm interested in understanding the downsides of the Proof of Work mechanism. Could you please outline the main cons or disadvantages associated with this consensus algorithm?
Nicolo
Wed Dec 04 2024
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7 answers
1200
What is a major problem with proof of work?
The major problem with proof of work is its high energy consumption and computational power requirement, which makes it environmentally unfriendly and inaccessible to those with limited resources.
isabella_doe_socialworker
Wed Dec 04 2024
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5 answers
1126
Why is proof of work expensive?
Proof of work is expensive because it requires a significant amount of computational power and energy to solve complex mathematical problems, which are necessary to validate transactions and secure the network. This process is intentionally designed to be costly, making it difficult for attackers to tamper with the system.
Giuseppe
Wed Dec 04 2024
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6 answers
1489
Does Bitcoin use proof of work?
I'm curious about the technological underpinnings of Bitcoin. Specifically, I want to know if it employs a proof of work mechanism in its operations.
CryptoMaven
Tue Dec 03 2024
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5 answers
914
Is BTC still proof of work?
I heard that Bitcoin uses a certain mechanism called proof of work for its mining process. But I'm not sure if it's still the case. Can anyone confirm if BTC is still using proof of work?
