Proof of WHAAAT?! Overview of 13 different consensus algorithms for cryptocurrencies!
Bitcoin for Beginners
blockchain consensus algorithmblockchain consensus mechanismbyzantine fault toleranceconsensus mechanismsdagsdelegated byzantine fault tolerancedelegated proof of stakelist of consensus algorithmsproof of activityproof of authorityproof of believabilityproof of burnproof of capacityproof of contributionproof of elapsed timeproof of existenceproof of importanceproof of serviceproof of stakeproof of weightproof of workpeople & blogs
There are a ton of different consensus algorithms or mechanisms for blockchain networks. Proof of Work and Proof of Stake are the two most famous ones but there's also ones like Proof of Importance, Proof of Authority, Proof of Capacity, Proof of Burn, Proof of Activity, Proof of Existence, Proof of Weight, and more. They all offer something different in terms of decentralization, incentives, security, efficiency, throughput, and more! Watch this video to get a sense who what all is out there and which projects are utilizing each one!
#Cryptocurrency #Blockchain #Bitcoin ... https://www.youtube.com/watch?v=ah94PuwR1DI
2019-12-26
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