Question: The process where a node on a blockchain network pledges its digital asset to verify a new blocks validity is called: A. tokenization. B. proof

The process where a node on a blockchain network pledges its digital asset to verify a new block’s validity is called:

A. tokenization.

B. proof of work.

C. proof of stake.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Corporate Finance 5th Edition Questions!

Q:

Design a program that converts between Roman Numbers and decimal numbers, then implement that design in C++. See the textbook: Programming Exercises P3.6, P4.12, and P4.13 as references. Our...

Q:

Programming a BlockChain Bitcoin is a cryptocurrency created in 2008 used to perform online payments without requiring a trusted central authority. It is based on a technology that uses a distributed...

Q:

We are increasingly seeing new trends in application of emerging technologies, such as blockchain, audit analytics and continuous auditing, artificial intelligence and others in the public sector....

Q:

Review the article and share your thoughts and observations along with related examples of data protection techniques. Address each of the objectives listed below. Discuss the role of information...

Q:

Blockchain Consensus Algorithms At Blockchain Consensus algorithms ensure each new block added to the network is the only version of the truth, which is agreed by all the nodes in a...

Q:

Questions 1. Why are Bitcoin transactions difficult to fake? 2. What is the reason many people think the price of Bitcoin will continue to go up? 3. How are Bitcoins used? 4. What is a blockchain? 5....

Q:

1. Why is it important to know the source, or origin, of products we consumo? 2. How does transparency contribute to an effective supply chain? 3. The casc states. "Dan Jones was certain that bext360...

Q:

This is a paper named "How Blockchain Will Change Leadership Strategies for Effectively Managing Organizational Change". Need summarization for this paper. INTRO DUGTIDN Blockchain technology is...

Q:

What is a consensus mechanism? a . A process for identifying the majority opinion b . A process for reaching a compromise c . A process for agreeing on a shared state in a distributed system d . A...

Q:

Scenario [Slide 34] Part 2: "Do" the Blockchain Activity [Slides 33-53] We are creating a blockchain to develop a distributed ledger to track the sales of a candy bar known as "CB1." Our company...

Q:

Elias.AbouMaroun@student.uts.edu.au, Didar.Zowghi@uts.edu.au 2 Derby Business School, University of Derby, Derby, UK J.Daniel@derby.ac.uk 3 Department of Information Systems, Ansari College of...

Q:

In the process of completing the month-end accounting process, you are reviewing the lease payments for the office building. It was detected that for this month, there was a substantial increase in...

Q:

Shown below are the histogram and summary statistics for the number of camp sites at public parks in Vermont. a) Which statistics would you use to identify the center and spread of this distribution?...

Q:

A private foundation is subject to which of the following taxes? Tax on self - dealing. Tax on investments in publicly traded stock. Tax on taxable expenditures that jeopardize charitable purposes....

Q:

What four general-purpose financial statements do business enterprises use?