There are hardly any components of blockchain that are more important than algorithms and protocols. A more definitive phrase for both would be ‘they are the engines of blockchain’. When Bitcoin was introduced to the world in 2009, terms like…
While the common consensus mechanisms are PoW and PoS, there are several noteworthy alternatives. Many of these alternatives mix and match components from other encryption and consensus mechanisms. The evolution of the consensus mechanisms on the blockchain continues to be…
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