Blockchain Consensus Mechanisms – Proof of Work vs Proof of Stake and More

Blockchain Consensus Mechanisms – Proof of Work vs Proof of Stake and More

Blockchain Consensus

Blockchain Consensus Mechanisms – Proof of Work vs Proof of Stake and More

A blockchain is a decentralized peer-to-peer network that stores append-only (add to the end of) data and verifies the integrity of that information across the network. Collectively validating the accuracy of said data (reaching consensus) is one of the defining features of a blockchain.

The idea of a blockchain goes back…

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