Mining is profitable only when the cryptocurrency mined is worth more than the cost to perform calculations. True or False?
CCL306(1)
Flashcard
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Education
•
8th - 10th Grade
•
Hard
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5 questions
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1.
FLASHCARD QUESTION
Front
Back
True
2.
FLASHCARD QUESTION
Front
Mining involves vast, decentralized networks of ______ around the world that verify and secure blockchains.
Back
Computers
3.
FLASHCARD QUESTION
Front
Mining is the process that only Bitcoin use to generate new coins and verify new transactions. True or False?
Back
False
4.
FLASHCARD QUESTION
Front
The blockchain awards the fastest miners to guess the hash with _________ ?
Back
Cryptocurrencies
5.
FLASHCARD QUESTION
Front
Miners verify and secure the transactions in a Blockchain. True or False?
Back
True
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