Blockchain CBSA Exam - Topic 2 Question 69 Discussion

Actual exam question for Blockchain's CBSA exam

Question #: 69
Topic #: 2

Which of the following cryptocurrencies use an alternate consensus method called "Scrypt" to BTC's Proof of Work (POW) SHA-256 algorithm?

ARipple

BPeercoin

CLitecoin

DSteemit

Show Suggested Answer

Suggested Answer: B

by Lajuana at Jul 06, 2024, 05:55 AM

Limited Time Offer

25%

Off

Get Premium CBSA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

My

6 months ago

I thought Ripple was more about consensus algorithms, not Scrypt.

upvoted 0 times

...

Ramonita

7 months ago

Yup, Litecoin is the main one with Scrypt.

upvoted 0 times

...

Ressie

7 months ago

Wait, Steemit? I thought it was just for blogging!

upvoted 0 times

...

Deonna

7 months ago

Peercoin is actually not Scrypt.

upvoted 0 times

...

Tarra

7 months ago

Litecoin uses Scrypt, for sure!

upvoted 0 times

...

Levi

7 months ago

I'm pretty confident that Litecoin is the right answer here, but I should double-check my notes on Steemit.

upvoted 0 times

...

Timothy

8 months ago

I feel like Peercoin might be related to Scrypt too, but I can't recall the details.

upvoted 0 times

...

Elly

8 months ago

I remember studying that Ripple uses a different consensus mechanism altogether, so it can't be Scrypt.

upvoted 0 times

...

Deandrea

8 months ago

I think Scrypt is associated with Litecoin, but I'm not entirely sure about the others.

upvoted 0 times

...

Jeannetta

8 months ago

I'm pretty confident Litecoin and Peercoin use Scrypt, but the other two have me stumped. Guess I'll have to make an educated guess on those.

upvoted 0 times

...

Kerry

8 months ago

Okay, I remember learning about Scrypt in class. I think Litecoin and Peercoin both use it, but I'm not 100% sure about the others.

upvoted 0 times

...

Roosevelt

8 months ago

Hmm, I know Litecoin uses Scrypt, but I'm not sure about the others. I'll have to think this through carefully.

upvoted 0 times

...

Alton

8 months ago

Litecoin for sure, that's an easy one. I'm a bit fuzzy on the others though. Gotta focus and eliminate the wrong answers.

upvoted 0 times

...

Billy

8 months ago

Okay, I've got a strategy. First, I'll check the Cisco Unified Communications Manager server status. If that's good, then I'll dive into the XMPP bind failures and service discovery problems.

upvoted 0 times

...

Louvenia

8 months ago

This looks like a pretty straightforward question about the structure of a BMP file. I'm pretty confident I can figure this out.

upvoted 0 times

...

Peggy

1 year ago

Wait, Scrypt? Is that some kind of new cryptocurrency based on baked potatoes or something? I'm gonna go with Litecoin, just to be on the safe side.

upvoted 0 times

Edda

12 months ago

Litecoin is the right choice, it uses Scrypt as an alternate consensus method.

upvoted 0 times

...

Harrison

1 year ago

Yeah, Scrypt is a hashing algorithm used by some cryptocurrencies. Litecoin is the correct answer.

upvoted 0 times

...

Christiane

1 year ago

I think Scrypt is a type of algorithm, not a new cryptocurrency. I would go with Litecoin too.

upvoted 0 times

...

Linwood

1 year ago

Litecoin, baby! They're the Scrypt masters. Though if you ask me, they should really consider switching to something a little more energy-efficient. Just sayin'.

upvoted 0 times

Virgilio

12 months ago

I think Peercoin also uses an alternate consensus method, but not Scrypt.

upvoted 0 times

...

Jerry

1 year ago

Yeah, I agree. It's definitely something to consider for the future.

upvoted 0 times

...

William

1 year ago

Litecoin uses the Scrypt consensus method, it's more energy-efficient than BTC's POW.

upvoted 0 times

...

Cherry

1 year ago

Litecoin, no doubt. Scrypt is like their secret sauce. Though I have to admit, I'm more of a 'hodl' kind of guy than a mining enthusiast.

upvoted 0 times

Leonora

1 year ago

Litecoin's Scrypt algorithm does give it a unique edge in the crypto world. It's interesting to see how different cryptocurrencies use different consensus methods.

upvoted 0 times

...

Chantell

1 year ago

I prefer holding onto my coins too, rather than mining. It's a safer bet in the long run.

upvoted 0 times

...

Viva

1 year ago

I agree, Litecoin is known for using the Scrypt algorithm. It's definitely a popular choice among cryptocurrency enthusiasts.

upvoted 0 times

...

Felicitas

1 year ago

Oh, this is easy. Litecoin for sure. Those guys are all about that Scrypt magic. Gotta love their commitment to keeping the mining playing field a little more level.

upvoted 0 times

...