In this video, we will guide you through the fundamentals and differences between the main consensus mechanisms used in blockchain networks, such as:
🔹 Proof of Work (PoW): The pioneer of consensus mechanisms, known for its security and robust decentralization but with high energy consumption.
🔹 Proof of Stake (PoS): A more sustainable approach that selects validators based on the amount of cryptocurrency they hold, with examples like Ethereum 2.0 and Cardano.
🔹 Delegated Proof of Stake (DPoS): A model that improves transaction efficiency and speed through delegate voting, used by platforms like EOS and Tron.
🔹 Proof of Authority (PoA): Ideal for private networks, this model uses pre-approved nodes to validate transactions quickly and efficiently, with examples like VeChain and Palm Network.
🔹 Proof of History (PoH): An innovative technology used by Solana to improve network scalability and efficiency.
Additionally, we explore emerging trends like Proof of Space and Time (PoST) and Tangle from IOTA, which aim to enhance energy efficiency and scalability in the Internet of Things (IoT) space.
Don't miss this opportunity to delve into the mechanisms that ensure the integrity and efficiency of transactions in blockchain.
This video is part of an AML course we are preparing.
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Content Index:
00:00 - What is a Consensus Mechanism?
00:40 - Proof of Work (PoW)
01:57 - Proof of Stake (PoS)
03:19 - Delegated Proof of Stake (DPoS)
04:27 - Proof of Authority (PoA)
05:36 - Proof of History (PoH)
06:28 - Emerging Trends: PoST and Tangle
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