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Tr4verse23
@tr4verse23
Consensus Mechanisms Simplified: PoW and PoS are the backbone of blockchain, ensuring security and decentralization. Proof of Work (PoW) uses computational puzzles to validate transactions, like Bitcoin. Proof of Stake (PoS) relies on validators who "stake" their coins, chosen randomly based on holdings and age. Beyond these, mechanisms like Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) offer efficiency and scalability. Each has its role in shaping the future of crypto.
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