Question: Q . 8 Set. ( B ) What is Consensus Mechanism and its importance in blockchain? Explain the Delegated Proof of Stake, Proof of activity

. 8

Set.

(

)

What is Consensus Mechanism and its importance in blockchain? Explain the Delegated Proof of Stake, Proof of activity and Proof of Authority Consensus mechanism.

5

Marks

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 General Management Questions!

Bitcoin uses a . Proof of Work ( PoW ) b . Proof of Stake ( PoS ) c . Proof of Burn ( PoB ) d . Proof of Capacity ( PoC ) Question 2 Not yet answered Marked out of 1 . 0 0 Not flaggedFlag question...

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...

How can blockchain be used to incentivise energy conservation and efficiency? a . Through the creation of virtual power plants b . Through the use of renewable energy sources c . Through the creation...

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...

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...

Identify digital transformation theories mentioned in the article SMR JOURNAL OF SERVICE B 20280 MANAGEMENT RESEARCH SMR . Journal of Service Management Research . Issue 02/2018 EDITORS Digital...

answer the question clearly You are building a flight-control system for which a convincing safety case must be made. Would you assign the tasks of safety requirements engineering, test case...

State what is meant by a directed graph and a strongly connected component. Illustrate your description by giving an example of such a graph with 8 vertices and 12 edges that has three strongly...

(a) In SystemVerilog, what is the difference between: (i) The ternary operator ? and if...then...else statements? [2 marks] (ii) always_ff and always_comb? [2 marks] (iii) Blocking, non-blocking and...

Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...

Suppose you expect to rent a house when you retire in 35 years. Today, rent for a 3 bedroom, 2 bathroom home costs $36,000 per year. You expect inflation to be 2% per year between now and when you...

Water is boiled at sea level in a coffee maker equipped with an immersion-type electric heating element. The coffee maker contains 1 L of water when full. Once boiling starts, it is observed that...

Your qualfied 4 0 1 ( K ) plan can include what type of contribution amangement? A . None of the answors are corroct B . Cash. C . Both cash and colocive dofortal arrangoments D . Electre deferral.

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Perform an Internet search. Discuss a company that uses EPLI.

How do you feel about employment-at-will policies? Are they fair?

Why do you think medical tourism has developed? Would you participate in it? Why or why not?