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Blockchain notes

The document discusses various aspects of blockchain technology, focusing on consensus mechanisms like Proof of Work and Proof of Stake, as well as the SHA-256 and SHA-3 hashing algorithms. It explains the significance of Bitcoin halving events, which reduce mining rewards and influence Bitcoin's scarcity and economic model. Additionally, it highlights the importance of these mechanisms in ensuring security, transparency, and decentralization within blockchain networks.

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horridbeast000
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35 views

Blockchain notes

The document discusses various aspects of blockchain technology, focusing on consensus mechanisms like Proof of Work and Proof of Stake, as well as the SHA-256 and SHA-3 hashing algorithms. It explains the significance of Bitcoin halving events, which reduce mining rewards and influence Bitcoin's scarcity and economic model. Additionally, it highlights the importance of these mechanisms in ensuring security, transparency, and decentralization within blockchain networks.

Uploaded by

horridbeast000
Copyright
© © All Rights Reserved
Available Formats
Download as PDF or read online on Scribd
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