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Which of the following is not an activity completed by "miners" in the Bitcoin Blockchain distributed ledger environment?

User Chrisweb
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Final answer:

Miners in the Bitcoin Blockchain are responsible for transaction validation, block creation, and maintaining network integrity. They do not engage in altering transaction histories, determining cryptocurrency prices, or providing financial advisory services.

Step-by-step explanation:

Miners in the Bitcoin Blockchain distributed ledger environment are responsible for several critical activities, but certain tasks fall outside their purview. Primarily, miners perform the process of transaction validation and block creation. In the process of mining, each transaction is verified, making sure that the digital signatures are valid, and that there are sufficient funds for the transaction. After transactions are verified, they are encapsulated in a block that miners then work to add to the blockchain by solving a complex cryptographic puzzle in a process known as proof of work.

Other activities that miners engage in include updating the blockchain with the new block once the puzzle is solved and receiving new bitcoins as a reward for their efforts in the form of block rewards. However, contrary to what some might think, activities related to altering transaction histories or reversing confirmed transactions are not part of a miner's role. Such actions are, in fact, practically impossible due to the blockchain's immutable nature, which prevents tampering with the ledger once the data is confirmed and added.

Moreover, miners do not determine the cryptocurrency's price, as market forces on various exchanges determine the value of bitcoin. Providing customer service or financial advice related to investment in cryptocurrencies also does not fall under the activities of miners, as their role strictly involves maintaining the network's protocols and integrity.

User Sconibulus
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