Page 1 of 1
Time 1:40 40 Marlin Waterkwa: Attempt 1 Match the consensus algorithm employed on the blockchain to the proper descripti
Posted: Mon May 02, 2022 6:53 am
by answerhappygod
- Time 1 40 40 Marlin Waterkwa Attempt 1 Match The Consensus Algorithm Employed On The Blockchain To The Proper Descripti 1 (45.78 KiB) Viewed 55 times
Time 1:40 40 Marlin Waterkwa: Attempt 1 Match the consensus algorithm employed on the blockchain to the proper description of work performed by that algorithm. All nodes (miners) create and validate blocks on the blockchain. This consensus algorithm requires the most computing power. Nodes that want to participate as a miner to validate a transaction to be added to the blockchain put a cryptocurrency deposit down when beginning to mine. This deposit is recited to ensure that twork can be trusted and their behavior is honest. If they are deemed dishonest, they will lose the cryptocurrency deposit. 1. Proof of Work 2 Proof of Authority 3. Proof of Stake Only a subset of nodes in the network called administrators, mine and Create block on the blockchain. The admin MacBook Pro . * * 5 . . 4 6 3 7 8 C 9 0 0 הו E R T Y U OP D F G G H J к L Z