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L1ght12
@l1ght12
Consensus Mechanisms Simplified: PoW & PoS Proof of Work (PoW) secures networks using computational power, ensuring security but at high energy costs. Proof of Stake (PoS) rewards validators based on their holdings, reducing energy consumption and potentially increasing security. Beyond these, Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) offer alternatives, focusing on efficiency and scalability. Each mechanism plays a crucial role in the evolving crypto landscape.
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