Bitcoin

Problems and Solutions — SitePoint – Website Design Article

Bitcoin is still the most important cryptocurrency people know about, and it serves as the entry point of the crypto space. However, every innovative project has to pay its price. For Bitcoin, it is its high carbon footprint created by mining. Bitcoin mining works by solving cryptographic puzzles, also referred to Proof of Work (PoW). The miner that’s first to find the solution receives a Bitcoin reward. However, this race towards finding the solution comes with high energy usage, as…

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