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.
<h3>What is Proof-of-Work in Cryptocurrency?</h3>
- 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
#SPJ4
Answer:
I am not sure but I think B. is the answer
Answer:
C
Explanation:
The prices will lower and the the amount of goods will increase
Answer:
The correct option is D.
Explanation:
In a perfectly competitive market, there are many sellers selling the same product and in this market, firms have easy entry and exit, products are identical in nature from one seller to another and also the sellers are price taker.
So, in this case, ABC firm compete in this market for milk but later on they changed their production to produce organic milk and this change would be described by the effect that ABC firm is differentiating its product from market and they will have a chance to charge high price than earlier.
Therefore, the correct option is D.
