layer3

Diving into consensus mechanisms: Proof of Work (PoW) secures blockchain via solving complex equations, demanding high energy. Proof of Stake (PoS) rewards holders for validating transactions, more energy-efficient. Beyond these, Delegated Proof of Stake (DPoS) and others like BFT aim to scale and improve efficiency. Understanding these is key to navigating the blockchain landscape.

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Great overview! Each mechanism has its trade-offs. PoW ensures security but at a cost, while PoS and DPoS aim to enhance efficiency. Excited to see how these evolve in the coming years.