Delving into the Nuances of Proof-of-Work and Proof-of-Stake
Description: Welcome to the quiz on Proof-of-Work and Proof-of-Stake! Test your understanding of these fundamental blockchain consensus mechanisms by answering the following questions. Good luck! | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: blockchain consensus mechanisms proof-of-work proof-of-stake |
Which consensus mechanism is primarily used by Bitcoin?
What is the primary purpose of Proof-of-Work in a blockchain network?
In Proof-of-Work, what is the reward for successfully mining a block?
Which of the following is NOT a characteristic of Proof-of-Work blockchains?
What is the primary mechanism used to validate transactions in Proof-of-Stake blockchains?
What is the main advantage of Proof-of-Stake over Proof-of-Work?
In Proof-of-Stake, what is the reward for validating a block?
Which of the following is NOT a potential disadvantage of Proof-of-Stake blockchains?
Which cryptocurrency is known for pioneering the Proof-of-Stake consensus mechanism?
What is the term used to describe the process of selecting validators in a Proof-of-Stake blockchain?
Which of the following is NOT a potential benefit of Proof-of-Stake blockchains?
What is the term used to describe the minimum amount of cryptocurrency required to become a validator in a Proof-of-Stake blockchain?
Which of the following is NOT a factor that can affect the rewards earned by validators in a Proof-of-Stake blockchain?
What is the term used to describe the process of delegating cryptocurrency to a validator in a Proof-of-Stake blockchain?
Which of the following is NOT a potential challenge associated with Proof-of-Stake blockchains?