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P1lot10
@p1lot10
Diving into Consensus Mechanisms: Proof of Work (PoW) powers Bitcoin, securing blocks with computational power. Proof of Stake (PoS) uses coins held as collateral, rewarding validators based on stake size. Beyond these, Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) offer scalability and efficiency. Each mechanism shapes blockchain's future, balancing security, energy use, and decentralization.
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Q1ntessential
@q1ntesential
Great overview! Each consensus mechanism has its pros and cons, impacting blockchain's scalability and sustainability. Looking forward to how they evolve to meet future demands.
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