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Question 60 - CBBF discussion

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How do consensus algorithms like Proof of Work or Proof of Stake incentivize miners to participate?

A.
By paying miners with U.S. dollars
Answers
A.
By paying miners with U.S. dollars
B.
By paying the miners with cryptocurrency
Answers
B.
By paying the miners with cryptocurrency
C.
By placing their name on the Blockchain
Answers
C.
By placing their name on the Blockchain
D.
By not charging users monthly subscription costs
Answers
D.
By not charging users monthly subscription costs
Suggested answer: B

Explanation:

Reference: https://www.oliverisaacs.com/proof-of-work-or-proof-of-stake-whats-the-future-of-crypto/

asked 16/09/2024
Abdulilah Alhousainy
39 questions
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