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Consensus Mechanisms Explained: PoW & PoS Simplified Proof of Work (PoW): Miners solve complex puzzles to verify transactions. High security but energy-intensive. Proof of Stake (PoS): Validators are chosen based on their holdings and participation. More energy-efficient but can centralize. Beyond PoW/PoS: New mechanisms like DPoS, Casper FFG aim to improve efficiency and scalability, opening doors to broader adoption. Stay tuned!
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