DUMPS
BASE
EXAM DUMPS
EC-COUNCIL
312-82
28% OFF Automatically For You
EC-Council Blockchain Fintech Certification B|FC
exam
, 1.Public blockchains most often use________ as a consensus mechanism.
A. PoS
B. PoB
C. PoW
D. PoET
Answer: C
Explanation:
Public blockchains most commonly use Proof of Work (PoW) as their consensus
mechanism, especially in well-established networks such as Bitcoin and, until
recently, Ethereum. PoW is a protocol that relies on network participants (miners)
solving complex mathematical problems to validate and add transactions to the
blockchain. This process ensures the integrity and security of the network, as it
requires substantial computational power and resources, making it difficult for any
m
xa
single entity to control the blockchain.
E
82
Key Details:
2-
Proof of Work (PoW): PoW, used primarily by Bitcoin, operates by having participants
31
il
(often referred to as miners) compete to solve cryptographic puzzles. The first to
nc
ou
solve the puzzle adds the next block of transactions to the blockchain and is rewarded
-C
C
with newly minted coins. This system is energy-intensive but is widely recognized for
E
ng
its security and resistance to tampering.
si
as
Transition in Other Networks: While Ethereum initially used PoW, it transitioned to
P
r
fo
Proof of Stake (PoS) in 2022 with Ethereum 2.0, due to PoS's lower energy
s
ce
requirements and increased scalability. However, Bitcoin, the most prominent public
ur
blockchain, still relies on PoW.
o
es
R
Other Consensus Mechanisms: Alternatives such as Proof of Stake (PoS) and Proof
e
bl
of Burn (PoB) are used by other blockchain networks that aim for different trade-offs
ia
el
in terms of energy efficiency, scalability, and security. Proof of Elapsed Time (PoET)
-R
)
is another mechanism mostly associated with permissioned (private) blockchains
02
8.
rather than public blockchains.
(V
ps
Why PoW for Public Blockchains?: Public blockchains prioritize decentralization and
um
security. PoW provides a robust way to achieve this, despite its high energy
D
82
consumption. Its high level of security and historical success in Bitcoin’s network
2-
31
often make it the go-to choice for public blockchains.
In summary, the dominance of PoW in public blockchains is due to its established
security and proven track record, although PoS and other mechanisms are
increasingly gaining popularity for their efficiency in newer blockchain projects.
2.Is a Microsoft blockchain development platform that allows the creation of custom
private blockchains.
A. Sratis
B. Corda
C. Azure
BASE
EXAM DUMPS
EC-COUNCIL
312-82
28% OFF Automatically For You
EC-Council Blockchain Fintech Certification B|FC
exam
, 1.Public blockchains most often use________ as a consensus mechanism.
A. PoS
B. PoB
C. PoW
D. PoET
Answer: C
Explanation:
Public blockchains most commonly use Proof of Work (PoW) as their consensus
mechanism, especially in well-established networks such as Bitcoin and, until
recently, Ethereum. PoW is a protocol that relies on network participants (miners)
solving complex mathematical problems to validate and add transactions to the
blockchain. This process ensures the integrity and security of the network, as it
requires substantial computational power and resources, making it difficult for any
m
xa
single entity to control the blockchain.
E
82
Key Details:
2-
Proof of Work (PoW): PoW, used primarily by Bitcoin, operates by having participants
31
il
(often referred to as miners) compete to solve cryptographic puzzles. The first to
nc
ou
solve the puzzle adds the next block of transactions to the blockchain and is rewarded
-C
C
with newly minted coins. This system is energy-intensive but is widely recognized for
E
ng
its security and resistance to tampering.
si
as
Transition in Other Networks: While Ethereum initially used PoW, it transitioned to
P
r
fo
Proof of Stake (PoS) in 2022 with Ethereum 2.0, due to PoS's lower energy
s
ce
requirements and increased scalability. However, Bitcoin, the most prominent public
ur
blockchain, still relies on PoW.
o
es
R
Other Consensus Mechanisms: Alternatives such as Proof of Stake (PoS) and Proof
e
bl
of Burn (PoB) are used by other blockchain networks that aim for different trade-offs
ia
el
in terms of energy efficiency, scalability, and security. Proof of Elapsed Time (PoET)
-R
)
is another mechanism mostly associated with permissioned (private) blockchains
02
8.
rather than public blockchains.
(V
ps
Why PoW for Public Blockchains?: Public blockchains prioritize decentralization and
um
security. PoW provides a robust way to achieve this, despite its high energy
D
82
consumption. Its high level of security and historical success in Bitcoin’s network
2-
31
often make it the go-to choice for public blockchains.
In summary, the dominance of PoW in public blockchains is due to its established
security and proven track record, although PoS and other mechanisms are
increasingly gaining popularity for their efficiency in newer blockchain projects.
2.Is a Microsoft blockchain development platform that allows the creation of custom
private blockchains.
A. Sratis
B. Corda
C. Azure
