Question

Proof-of-Blank______ is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions on the distributed ledger or blockchain. Multiple choice question. stake work decision

Answer 1

Proof-of-Work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions on the distributed ledger or blockchain.

What is Proof-of-Work in  Cryptocurrency?

• A type of cryptographic demonstration known as proof-of-work involves one party (the prover) demonstrating to another (the verifiers) that a certain amount of computational effort has been put forth.
• Consequently, this spending may be easily verified by verifiers with little work on their behalf.
• The goal of proof-of-work algorithms is not to demonstrate that a task was completed or that a computational challenge was "solved," but rather to prevent data modification by imposing onerous energy and hardware control constraints.
• Environmentalists have criticized proof-of-work systems for using too much energy.
• Later, Bitcoin popularized proof of work as the basis for agreement in a permissionless, decentralized network where miners compete to add blocks and create new money.

To learn more about Cryptocurrency refer to:

brainly.com/question/16450854

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