Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.

Unlimited Access

Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.

Exam CBSA topic 1 question 4 discussion

Actual exam question from Blockchain's CBSA
Question #: 4
Topic #: 1
[All CBSA Questions]

In the Proof of Stake(POS) algorithm the miners are really known as ___________?

  • A. Notary
  • B. Oracle
  • C. Forgers
  • D. Minters
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
Proof of Stake has the same goal as proof of work""to validate transactions and achieve consensus in the chain""and it uses an algorithm but with a different process. With proof of stake, the creator of a new block "is chosen in a deterministic way, depending on its wealth, also defined as a stake." Since in a proof of stake system, there is no block reward, but the miners, known as forgers, get the transaction fees. Proponents of this shift, including Ethereum co-founder Buterin, like proof of stake for the energy and cost savings realized to get to a distributed form of consensus.
Reference:
http://www.hl.co.uk/news/2018/2/16/a-brief-history-of-blockchain-technology-everyone-should-read

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Nadh
1 year, 6 months ago
Selected Answer: D
In the proof of stake blockchain the appending entities are named minters or validators
upvoted 2 times
...
Afro_Boy_Ug
2 years, 11 months ago
why am i also thinking of minters
upvoted 1 times
SWObaby
2 years, 8 months ago
Minting NFTs, perhaps?
upvoted 1 times
...
...
Krisc
4 years, 4 months ago
The term "minters" seems to be used as well: https://hackernoon.com/is-spos-the-pos-killer-hw2l3364
upvoted 3 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
Loading ...
ex Want to SAVE BIG on Certification Exam Prep?
close
ex Unlock All Exams with ExamTopics Pro 75% Off
  • arrow Choose From 1000+ Exams
  • arrow Access to 10 Exams per Month
  • arrow PDF Format Available
  • arrow Inline Discussions
  • arrow No Captcha/Robot Checks
Limited Time Offer
Ends in