Which consensus algorithm is primarily used by bitcoin?
Question: Which consensus algorithm is primarily used by bitcoin?
The consensus algorithm primarily used by Bitcoin is Proof of Work (PoW). In this system, miners compete to solve complex cryptographic puzzles to validate transactions and add them to the blockchain. The first miner to solve the puzzle gets to add the new block and is rewarded with newly minted bitcoins. Proof of Work helps ensure the security and integrity of the Bitcoin network by making it computationally difficult to alter the blockchain.
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