POW & POS CONSENSUS MECHANISM :WHAT IS IT AND HOW DOES IT DIFFER?

in #crypto • 6 months ago

POW& POS consensus mechanism: What is it and how does it differ?

Consensus is an answer to a question given by all network participants, who have the same powers and interests. Once consensus is established....

There are various consensus mechanisms used to enforce the blockchain network. The most famous are Proof-of-Work (PoW) and Proof-of-Stake (PoS)...

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6 months ago in #crypto by
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