◼️27/100 Block-by-Block: Types of consensus mechanisms in Web3

One thing I learned about: Types of consensus mechanisms in Web3

There are many ways to agree in a network.

Examples:

• Proof of Work: First miner who solves the puzzle creates the block.
• Proof of Stake: Random validator creates the block.
• Delegated Proof of Stake: The next top delegate creates the block.
• Byzantine Fault Tolerant (BFT) Consensus: Supermajority creates the block.
• Proof of Authority: Known authorities create the block.

🔽🛠️Resources🔽

• Consensus Mechanisms: https://ethereum.org/en/developers/docs/consensus-mechanisms/
• Delegated Proof of Stake: https://en.bitcoin.it/wiki/Delegated_proof_of_stake
• Blockchain Consensus Mechanisms Beyond PoW and PoS: https://www.gemini.com/cryptopedia/blockchain-consensus-mechanism-types-of-algorithm