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Wil6606
@cmm901222-lxh
The most interesting layer of blockchain: the consensus layer! In a decentralized network, how do we achieve consensus on a distributed ledger, making the chain not just “don’t be evil” but “can’t be evil”? Reviewing the establishment of several generations of consensus mechanisms: 1️⃣ POW (Proof of Work): The consensus of the BTC blockchain is essentially a competition for accounting rights through computational power. Consensus is achieved through the “longest chain principle” and the “6-block confirmation rule.”
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Wil6606
@cmm901222-lxh
2️⃣ POS (Proof of Stake): Ethereum transitioned from POW to POS in 2022. The key to POS is having a reward and punishment mechanism to prevent validators from maximizing their profits through double-staking, which could cause chain splits. The requirement for asset staking also results in a lack of liquidity in the network. 3️⃣ POL (Proof of Liquidity): Bearchain has an innovative consensus mechanism. It addresses the liquidity shortage in POS by using the shortest path to achieve the ecosystem flywheel.
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