Blockchain Energy Consumption
Description: Blockchain Energy Consumption Quiz | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: blockchain energy consumption proof of work proof of stake |
What is the primary consensus mechanism used in Bitcoin and many other cryptocurrencies?
Which of the following is NOT a significant factor contributing to the high energy consumption of Proof of Work blockchains?
How does the Proof of Stake consensus mechanism differ from Proof of Work in terms of energy consumption?
Which of the following cryptocurrencies is known for its energy-efficient Proof of Stake consensus mechanism?
What is the term used to describe the process of verifying and adding new transactions to the blockchain?
Which of the following is a potential solution to reduce the energy consumption of Proof of Work blockchains?
What is the term used to describe the reward given to miners for successfully validating transactions and adding new blocks to the blockchain?
Which of the following cryptocurrencies utilizes a hybrid consensus mechanism that combines Proof of Work and Proof of Stake?
What is the term used to describe the process of holding cryptocurrency in a wallet to participate in the Proof of Stake consensus mechanism and earn rewards?
Which of the following is a potential challenge associated with Proof of Stake consensus mechanisms?
What is the term used to describe the process of creating new cryptocurrency through mining or staking?
Which of the following is a potential benefit of Proof of Stake consensus mechanisms over Proof of Work?
What is the term used to describe the process of adding new transactions to the blockchain in a Proof of Stake consensus mechanism?
Which of the following is a potential challenge associated with Proof of Work consensus mechanisms?
What is the term used to describe the process of validating transactions and adding new blocks to the blockchain in a Proof of Stake consensus mechanism?