Cryptocurrency Q&A
Is ZEC proof-of-work?
Is ZEC proof-of-work?
Isabella
Sat Jun 29 2024
|
7 answers
1344
Could you elaborate on whether ZEC, also known as Zcash, utilizes a proof-of-work consensus mechanism? As a cryptocurrency and finance practitioner, I'm curious to understand the underlying technology driving its secure and decentralized transactions. Proof-of-work is a well-known consensus algorithm, and I'm wondering if ZEC, with its focus on privacy-enhancing features, still relies on this traditional approach or has adopted a different consensus method. Your insights would be invaluable in clarifying this aspect of ZEC's operation.
7 answers
Stefano
Mon Jul 01 2024
The security of Zcash (ZEC) relies primarily on a robust consensus mechanism.
Was this helpful?
345
30
HanRiverVision
Mon Jul 01 2024
The difficulty of the puzzles adjusts dynamically to maintain a stable block generation rate.
Was this helpful?
249
80
Leonardo
Mon Jul 01 2024
Zcash employs a proof-of-work (PoW) consensus model, which ensures the integrity and security of the network.
Was this helpful?
209
75
EthereumEliteGuard
Mon Jul 01 2024
This PoW mechanism requires miners to expend computational resources to solve complex mathematical puzzles.
Was this helpful?
46
26
Maria
Mon Jul 01 2024
By successfully solving these puzzles, miners are rewarded with ZEC coins and are able to append new blocks to the blockchain.
Was this helpful?
152
89
Load 5 more related questions
