Unique Blockchain Consensus Algorithms Emerging to Address Novel Use Cases

Unique Blockchain Consensus Algorithms Emerging to Address Novel Use Cases

The post Unique Blockchain Consensus Algorithms Emerging to Address Novel Use Cases appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

You are probably familiar with the Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms. For the uninitiated, a consensus mechanism is a fault-tolerant system through which network participants achieve the agreement that a transaction is legitimate. The Ever-Evolving Consensus Algorithms Two of the world’s largest blockchains – Bitcoin and Ethereum – use …