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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.

artificial intelligence is about ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.The goal is not to have one leader or entity in control of the system, which makes this record-keeping more complicated.Instead of just one leader, thousands of users run the Bitcoin software all over the world.

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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.

artificial intelligence is about ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.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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