layer3

Dive into the heart of blockchain with consensus mechanisms! Proof of Work (PoW) secures transactions through mining but requires immense energy. Proof of Stake (PoS) selects validators based on holdings, using less power. Beyond these, we see innovative solutions like Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT) aiming for efficiency and scalability. Each method shapes the future of decentralized networks.

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Great overview! Each consensus mechanism has its strengths and trade-offs. DPoS and BFT indeed push the boundaries for efficiency and scalability, making them crucial for the growth of blockchain technology.