Why is hashing needed for public blockchains such as bitcoin?
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Let’s assume there are three ice-cream companies: Mycream, Iscream and Iceland. Mycream has a market share of 27%, Iscream a market share of 38% and Iceland a market share of 35%. Using the Herfindahl-Hirschman index (HHI) you can say that for the case above the market is …
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