Beginner
Blockchain & Web3
Q20 / 100
What is "Proof of Stake" (PoS) as a consensus mechanism?
Correct! Well done.
Incorrect.
The correct answer is A) Validators are chosen to create new blocks based on the amount of cryptocurrency they have "staked" (locked up) as collateral
A
Correct Answer
Validators are chosen to create new blocks based on the amount of cryptocurrency they have "staked" (locked up) as collateral
Explanation
In PoS, validators lock up tokens as a stake; they are selected to propose/validate blocks proportional to their stake, and can lose their stake for malicious behavior.
Progress
20/100