The ____________ algorithm aims to resolve the energy consumption issues associated with traditional blockchain mining.
- Proof of Authority (PoA)
- Proof of Burn (PoB)
- Proof of Elapsed Time (PoET)
- Proof of Space-Time (PoST)
The Proof of Elapsed Time (PoET) algorithm addresses energy consumption concerns in blockchain mining. It is designed to minimize power usage by allowing nodes to compete for block creation based on a random waiting period. This energy-efficient approach is particularly relevant in sustainable blockchain solutions. Familiarity with various consensus algorithms is essential for evaluating the environmental impact of blockchain networks.__________________________________________________
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