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Questions and Answers
What is the maximum number of Bitcoins that can be created or mined?
21 million
What is the process of validating a block on the Bitcoin network known as?
Bitcoin mining
What are miners competing against each other to solve in Bitcoin mining?
Complex hash puzzles
How are the blocks of encrypted data permanently linked to each other in the blockchain?
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What does the SHA-256 algorithm do to the stored transactions on a blockchain?
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Who is the lecturer for the module 'Blockchain: Technical Basics and Mythbusting'?
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What is the date for the lecture on 'Ethereum and Smart Contracts'?
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What is the duration of the lecture on 'Privacy and Compliance: The Case of CBCDs'?
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When is the Question & Answer Session scheduled to take place?
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What is the duration of the Oral exams?
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What are the factors that could cause the energy consumption of PoW blockchains to decrease in the long run?
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Why is a higher hashrate considered to enhance the security of the Bitcoin network?
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What is the myth debunked about the energy consumption of all blockchains?
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What is the primary reason for the increasing energy demand in the Bitcoin network?
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What is the condition that would make an attack on the Bitcoin network increasingly unlikely as the hashrate increases?
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What are the bounds for PoW blockchains' electricity consumption?
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How are hash rates measured in a blockchain network?
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What percentage of the worldwide electricity consumption does the energy consumption of proof-of-work blockchains account for?
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What factors determine the energy consumption of proof-of-work blockchains?
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Is the energy consumption of PoW blockchains proportional to their throughput or complexity?
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