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Question 17 - CBBF discussion

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Which of the following statements sums up the Proof of Work consensus process?

A.
Miners complete to find a nonce results in a hash that starts with a predetermined number of leading zeros.
Answers
A.
Miners complete to find a nonce results in a hash that starts with a predetermined number of leading zeros.
B.
Miners put up a stake. A miner is then selected based on stake value to add a new block to the chain. If a miner adds an invalid block to the chain, that miner loses their stake.
Answers
B.
Miners put up a stake. A miner is then selected based on stake value to add a new block to the chain. If a miner adds an invalid block to the chain, that miner loses their stake.
C.
All nodes agree on the data of the transaction.
Answers
C.
All nodes agree on the data of the transaction.
D.
Miners send assets to an inactive address. This process selects the next owner of a block.
Answers
D.
Miners send assets to an inactive address. This process selects the next owner of a block.
Suggested answer: C

Explanation:

Reference: https://www.nichanank.com/blog/2018/5/23/consensus-algorithms-pow

asked 16/09/2024
Alan Coutinho
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