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Comparing the Performance Characteristics of Proof-of-Work and Proof-of-Stake
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Which consensus mechanism requires miners to solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain?
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A
Proof-of-Work
💡 Explanation:
Proof-of-Work (PoW) is a consensus mechanism that requires miners to solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. This process is computationally intensive and requires significant energy consumption.