The consensus mechanism used by Bitcoin where miners solve cryptographic puzzles is called Proof of ________.
- Work
- Serverless
- Principle, Privilege
- CARTOSAT / EOS
Answer: Work
Proof of Work (PoW) requires miners to expend computational power to solve hash puzzles, securing the network and preventing double-spending. Energy-intensive; alternatives include Proof of Stake (PoW's successor in Ethereum), Proof of Authority, and Byzantine Fault Tolerance variants. Critical for understanding blockchain security and sustainability.