Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is proof - of - work? Arequirement to define an expensive computer calculation, also called mining, that needs to be performed in order to
What is proofofwork?
Arequirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions blocks on the distributed ledger or blockchain.
A way to validate transactions and achieve a distributed consensus.
A type of digital currency in which a record of transactions is maintained, and new units of currency are generated by the computational solution of mathematical problems and which operates independently of a central bank.
All of these choices are correct.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started