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Consensus is what addresses the "double spending" problem of digital money.
If there were any way the user of a cryptocurrency could spend their coins more than once, it would undermine the entire system.
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Proof-of-stake has emerged as a possible alternative that some researchers think is both more energy efficient and more secure.It's not so hard to prevent double spending in a centralized manner, when there's one entity managing a ledger of all the transactions.
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PayPal does exactly that.But cryptocurrencies are different.
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Until Bitcoin came along.
Proof-of-work is the innovative algorithm that Bitcoin creator Satoshi Nakamoto came up with, making decentralized money without a leader come to life for the first time.Some argue proof-of-work has problems.
la opala share price ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!Asbitcoinmining has become concentrated, some groups havebecome more powerfulthan Bitcoin's creator intended.
You often hear critiques that Bitcoin uses as much energy as all of Argentina or some other nation.
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