Consensus Mechanism Quiz

How many consensus mechanisms do you know? Touch bases on all major consensus mechanisms used in the blockchain world with this quick Crypto quiz. Let’s start

INTERESTING FACT

One of the biggest differences between proof of stake and proof of work is the amount of electricity used.

What is Proof of Work consensus mechanism?

What incentivizes miners to validate transactions?

Which of these are pros of Proof of Work?

Which consensus mechanism does Bitcoin use?

Which real world resources are needed for consensus mechanism?

How many consensus mechanisms exist currently?

Where was PoS algorithm first theorized?

Which is not a part of asymmetric encrption?