Wed. Sep 28th, 2022

The bitcoin blockchain uses a proof-of-work algorithm to validate transactions and add them to the blockchain. The algorithm used is called Hashcash, which was originally designed to prevent denial-of-service attacks.

Other related questions:

Q: Which algorithm is used by Bitcoin?

A: Bitcoin uses a proof-of-work system to ensure that new blocks are created in a decentralized manner.

Q: What blockchain does BTC use?

A: Bitcoin uses a blockchain that is a public ledger of all Bitcoin transactions.

Q: What is block chain algorithm?

A: Blockchain is a distributed database that maintains a continuously growing list of records called blocks. Each block contains a timestamp and a link to a previous block. Blockchain is used to secure transactions by timestamping them and including them in the block chain.

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