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TagsWhat is the latest algorithm used in Bitcoin mining?
Schmidt AkhtarMar 18, 2022 · 3 years ago1 answersCan you tell me what is the latest algorithm used in Bitcoin mining? I'm curious to know how the mining process works and what algorithm is currently being used.
1 answers
- As an expert in the field, I can confirm that the latest algorithm used in Bitcoin mining is SHA-256. This algorithm is widely recognized for its security and efficiency in securing the Bitcoin network. It plays a crucial role in the mining process by ensuring the integrity of transactions and the creation of new blocks. Miners need to invest significant computational power to solve the complex mathematical problems posed by SHA-256, which in turn helps maintain the security and decentralization of the Bitcoin network.Mar 18, 2022 · 3 years ago
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