Beginner
Blockchain & Web3
Q5 / 100
What is the purpose of "mining" in a Proof of Work blockchain like Bitcoin?
Correct! Well done.
Incorrect.
The correct answer is A) Miners compete to solve a computational puzzle to validate transactions and add a new block, earning a reward
A
Correct Answer
Miners compete to solve a computational puzzle to validate transactions and add a new block, earning a reward
Explanation
In Proof of Work, miners expend computational effort to find a valid block hash, securing the network and being rewarded with newly minted coins and fees.
Progress
5/100