The Coin Detective
Coins:
1983
Market cap:
$ 2478.77B
Volume 24h:
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BTC dominance:
51.5%

ELI5 Summary of cryptocurrency consensus mechanisms

By crypto.bi on July 13, 2020


There are currently two mainstream consensus mechanisms which are used by most cryptocurrencies: proof of work (PoW) and proof of stake (PoS). But these aren't the only ones! In fact, there are many other consensus

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