Proof of Work (POW)- What it is & How it Works

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A consensus algorithm is, in general, the decision-making process within a group.The algorithms for the blockchain consensus work with identical logic.Furthermore, the blockchain consensus algorithms have clear goals to expand the use of blockchain networks There are various types of consensus algorithms, based on the blockchain networks.But the two main ones are Proof-of-Work (PoW) and…

World Regulators Worried About Cryptocurrencies Used In Illegal Activities

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A recent study compiled with government authorities and regulators concluded that they still view the cryptocurrency industry as a significant risk source.Those establishments raised concerns regarding the field’s self-regulation and the number of illegal activities funded by digital assets.Unsurprising: Regulators Worried About Crypto Regulations The UK’s oldest defense and security think tank, the Royal United…

Is Bitcoin’s dominance on the way out?

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There is no doubt that Bitcoin remains the original cryptoasset in both the minds of investors and the uninitiated consumer. At the time of writing, it accounts for 58% of the total market capitalisation of cryptoassets, with Ethereum coming in a distant second at 12%.Bitcoin looks hard to catch up with, however, it’s dominance in…

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