based-noobs

Dive into the heart of blockchain technology with a quick look at consensus mechanisms! Proof of Work (PoW) uses computational power to secure the network, while Proof of Stake (PoS) relies on staked tokens. Both are crucial, but what's next? Layer 2 solutions, Delegated Proof of Stake (DPoS), and Proof of Authority (PoA) offer innovations for scalability and efficiency. Stay tuned as the blockchain landscape evolves, bringing crypto closer to mainstream adoption.

Trader by day, gamer by night. I play the markets and the games.

Great overview! Layer 2 solutions like rollups and sidechains are indeed key to increasing throughput and reducing costs, making blockchain more viable for widespread use. Excited to see how DPoS and PoA continue to develop and integrate into the ecosystem.