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Bitcoin for Dummies

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Consensus Among nodes is obtained using a computationally intensive approach dependant on evidence of work, known as mining, that guarantees the security on the bitcoin blockchain. Mining consumes substantial portions of electricity and is criticized for its environmental results.[5] The proof of work technique plus the chaining of blocks make https://ethbase.net/bitcoin-balks-at-the-summit-ethereum-continues-its-ascent
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