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TheBlock 2021-07-22 11:03:22

An overview of alternative consensus mechanisms

Quick TakeConsensus 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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