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Consensus Mechanisms Demystified: PoW and PoS aren't just buzzwords. PoW, or Proof of Work, requires miners to solve complex puzzles, ensuring security but consuming lots of energy. PoS, or Proof of Stake, lets validators earn rewards based on their holdings, using less energy. Beyond these, we have Delegated PoS, Byzantine Fault Tolerance, and more, each aiming to enhance efficiency and security. Dive into these mechanisms to understand how blockchain networks stay robust and decentralized.
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