An overview of alternative consensus mechanisms
Quick Take
- Consensus mechanisms are a key piece in any blockchain network that impacts decentralization, speed, and security.
- The issues with popular consensus algorithms like Proof of Work and Proof of Stake have led to newer means of achieving consensus which improve upon the faults of earlier protocols.
- The use and development of new consensus mechanisms can allow for blockchains to reach agreement based on what they deem important in the system.
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Author: Rebecca Stevens
