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Understanding consensus mechanisms is key in crypto. PoW (Proof of Work) secures networks via computational power, ensuring security but at high energy costs. PoS (Proof of Stake) uses token holdings and random selection, reducing energy use and encouraging long-term investment. Beyond these, mechanisms like DPoS (Delegated Proof of Stake) and PBFT (Practical Byzantine Fault Tolerance) offer more efficient and scalable solutions. Each brings unique benefits, shaping the future of blockchain.
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