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Consensus Mechanisms: Blockchain relies on consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), to validate transactions and maintain the integrity of the ledger.
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Proof of Work (PoW): PoW requires participants (miners) to solve complex mathematical puzzles to validate transactions and create new blocks. This process is energy-intensive but provides a high level of security by making it costly to attack the network.
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