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Binance and ripple | Since , one alternative to proof work has cropped up known as "proof of stake", which uses dramatically less energy, and which several newer cryptocurrencies have started to use. Kaspa KAS. The very first cryptocurrency was Bitcoin. This ledger will be something public and accessible to everyone, like a website where anyone can go and add new lines. The topic is explained in more detail here. The key addition is that if you hear of two miners broadcasting distinct blockchains with conflicting transaction histories, you defer to the longest one. This is where the first bit of cryptography comes in: Digital signatures. |
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