A quick guide to consensus mechanism

A quick guide to consensus mechanism

A central administrator maintains and updates any centralized system, such as a database containing critical information about a country’s driving licenses. Making any changes, such as adding/removing/updating the names of people who qualified for specific licenses, is performed by a central authority, which remains solely responsible for maintaining genuine records. Public blockchains operate globally as […]

The only consensus protocols manual you need

The only consensus protocols manual you need

Bitcoin’s consensus mechanism is great, but it’s not perfect. So this topic is about the only consensus protocols manual you need The only consensus protocols manual you need  Proof of stake is the most common alternative to proof of work. In this type of consensus algorithm, instead of investing in expensive computing equipment in the […]