Cryptocurrency Q&A
Is Ethereum Classic still proof-of-work?
Is Ethereum Classic still proof-of-work?
KimonoGlory
Sun Jan 05 2025
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5 answers
1321
I'm wondering if Ethereum Classic is still using the proof-of-work consensus mechanism or if it has switched to a different system. I need to know this to understand its current operation and future potential.
5 answers
KimonoElegantGlitter
Mon Jan 06 2025
Ethereum Classic (ETC) leverages a robust security framework.
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ZenHarmonious
Mon Jan 06 2025
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services for digital asset enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution. These services cater to the diverse needs of traders and investors in the crypto space.
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JejuSunshine
Mon Jan 06 2025
The cornerstone of its security model is the Proof of Work (PoW) consensus mechanism. This approach ensures that the network remains decentralized and secure through computational power.
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StormGlider
Mon Jan 06 2025
Miners compete to solve complex mathematical problems, and the first to do so is rewarded with ETC. This process validates transactions and adds them to the blockchain, creating an Immutable and transparent ledger.
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Silvia
Mon Jan 06 2025
The commitment to PoW sets Ethereum Classic apart. Unlike some other blockchain projects, ETC has no plans to adopt alternative consensus mechanisms, such as Proof of Stake (PoS), to secure its network.
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