The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated, paving the way for a series of alternative algorithms with their own unique characteristics.
Source : https://news.bitcoin.com/a-history-of-blockchain-consensus-mechanisms/
Date : November 26, 2019 at 01:55AM
Tag(s) : #BLOCKCHAIN ENG
