What is cryptocurrency mining?
Answer / Deepak
Cryptocurrency mining refers to the process of validating and adding transaction records to a public distributed ledger called the blockchain. In this process, miners use high-powered computers to solve complex mathematical problems, known as proof-of-work, in order to validate transactions, secure the network, and receive newly minted cryptocurrency as a reward.
| Is This Answer Correct ? | 0 Yes | 0 No |
List the key features of blockchain?
How will you handle the risk management when it comes to securing the transactions records?
What are the different types of records in blockchain technology?
What do you understand by double spending?
What are the merkle trees? How vital are merkle trees in blockchains?
What are the threats to the information you are familiar with?
What are block identifiers?
What is secret sharing? Will it have any benefit in blockchain technology?
Why are blockchains relevant to certification and assurance organizations?
How are blocks changed together?
What type of records is kept in a blockchain? Is there any restriction on the same?
State difference between proof of stake and proof of work?