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Which consensus algorithm is commonly used by Bitcoin?

Lim How Wei
July 11, 2024

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Which consensus algorithm is commonly used by Bitcoin?

Question: Which consensus algorithm is commonly used by Bitcoin?

Answer: Proof of work.

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Lim How Wei

Lim How Wei is the founder of followchain.org, with 9+ years of experience in Social Media Marketing and 5+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others (source: link profile). One of his articles about the gig economy was quoted by Joe Rogan, who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim uploads personal finance videos on his YouTube channel, Lim Finance, to guide others on their financial journey. He also creates gaming guides, walkthroughs, solutions, and tips for the games he plays, helping players with their progression.