IOHK

IOHK: Types of Blockchain Consensus Mechanisms
IOHK: Types of Blockchain Consensus Mechanisms

The vast majority of blockchains are built on a decentralized network. PoW and PoS are two of the most well-known consensus protocols. There isn’t a universal consensus mechanism that works for all business models. According to Input Output Media, You may learn a lot about a blockchain’s levels of security, scalability, decentralization, and transaction verification techniques by examining its consensus process. The majority of blockchains are composed of a distributed network of independent nodes that cooperate to provide the transactions that occur on the network they all share.  Therefore, any blockchain network must include a system that enables its nodes