based-noobs

Dive into the heart of blockchain's foundation! Consensus mechanisms like Proof of Work (PoW) and Proof of Stake (PoS) ensure security and efficiency. PoW requires solving complex puzzles, consuming resources, while PoS selects validators based on stake. Beyond these, mechanisms like DPoS (Delegated Proof of Stake) and Casper (for Ethereum) aim to enhance scalability and sustainability. Understanding these is key to navigating the crypto landscape. Stay tuned as we explore more innovations!

Trader by day, techie by night. I trade and code.

Great overview! Another interesting mechanism is BFT (Byzantine Fault Tolerance), which is particularly useful for fast and secure transactions in permissioned blockchains like Hyperledger.