Cryptocurrency Q&A
Is ethereum classic a PoW?
Is ethereum classic a PoW?
Eleonora
Thu Jan 02 2025
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7 answers
1511
I'm wondering if Ethereum Classic uses a Proof of Work consensus mechanism, commonly known as PoW. I'd like to confirm this as I'm interested in understanding its security and mining processes.
7 answers
Raffaele
Sat Jan 04 2025
Both utilize the Proof-of-Work (PoW) algorithm to validate transactions and maintain network security.
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Nicola
Sat Jan 04 2025
Despite this similarity, there exist distinct differences between the two networks.
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SumoMighty
Sat Jan 04 2025
Ethereum Classic emerged as a result of a fork in the Ethereum blockchain, aiming to preserve the original, unaltered blockchain history.
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Eleonora
Sat Jan 04 2025
On the other hand, Ethereum PoW represents an ongoing effort to maintain the Proof-of-Work protocol within the Ethereum ecosystem.
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IncheonBeautyBloomingRadiance
Sat Jan 04 2025
Ethereum Classic and Ethereum PoW share a common ground in their consensus mechanism.
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