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Basic Question 2 of 7
Miners compete to solve a computationally intensive mathematical puzzle, and the first miner to find a valid solution is rewarded with the right to add a new block to the blockchain. This is an example of ______ consensus protocols used in distributed systems.
B. Proof of Authority (PoA)
C. Proof of Work (PoW)
A. Proof of Stake (PoS)
B. Proof of Authority (PoA)
C. Proof of Work (PoW)
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe financial applications of distributed ledger technology
CFA® 2025 Level I Curriculum, Volume 5, Module 7.