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What are some popular cryptocurrencies that use proof of work consensus?

avatarJahid HossainDec 16, 2021 · 3 years ago1 answers

Can you provide a list of popular cryptocurrencies that utilize the proof of work consensus algorithm?

What are some popular cryptocurrencies that use proof of work consensus?
Cryptocurrencies
Proof Of Work
Consensus

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Here are some popular cryptocurrencies that rely on proof of work consensus: 1. Bitcoin: The pioneer of cryptocurrencies, Bitcoin uses the SHA-256 algorithm for its proof of work consensus. 2. Ethereum: The second-largest cryptocurrency, Ethereum uses the Ethash algorithm for its proof of work consensus. 3. Litecoin: Often referred to as the 'silver to Bitcoin's gold,' Litecoin uses the Scrypt algorithm for its proof of work consensus. 4. Bitcoin Cash: A fork of Bitcoin, Bitcoin Cash also uses the SHA-256 algorithm for its proof of work consensus. 5. Monero: Known for its focus on privacy, Monero uses the CryptoNight algorithm for its proof of work consensus. 6. Dash: Dash uses the X11 algorithm, which is a combination of multiple hashing algorithms, for its proof of work consensus. These are just a few examples, and there are many more cryptocurrencies that use proof of work consensus.

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