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What Algorithm is QTUM Coin?

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What algorithm is QTUM coin? QTUM coin is an algorithm that improves transaction

What Algorithm is QTUM Coin?

What algorithm is QTUM coin? QTUM coin is an algorithm that improves transaction efficiency by randomly increasing the number of decimal places for each digital byte of a cryptocurrency unit and halves every ten minutes.

Bitcoin mining uses hashing functions, which means that when the block height reaches 260,000, all verifying nodes are bundled into a blockchain for mining, ensuring the security of the entire network. However, for other consensus mechanisms, this process requires a lot of computational power, making it difficult for some participants to complete mining work smoothly, resulting in huge economic losses.

Currently, there is still some ambiguity in the market about the algorithms used in QTUM. Besides the simple binary algorithm, there are also many different algorithms, such as txHash.

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