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Question 90 - CBSA discussion

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You have flown to NYC to have a discussion with a technical executive of a too big to fail bank. You are having a discussion about blockchain algos and the customer is asking what are some disadvantages of using a POW algo?

A.
Centralization of blockchain control
Answers
A.
Centralization of blockchain control
B.
Only use case for computational power is blockchain
Answers
B.
Only use case for computational power is blockchain
C.
Large expenditures for computational power
Answers
C.
Large expenditures for computational power
D.
Not profitable for miners
Answers
D.
Not profitable for miners
E.
51% attack mitigation
Answers
E.
51% attack mitigation
Suggested answer: C, E

Explanation:

The main disadvantages are huge expenditures, "uselessness" of computations and 51 percent attack. Reference: https://cointelegraph.com/explained/proof-of- work-explained

asked 16/09/2024
Sae Frrr
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