Cryptocurrency and Blockchain: What You Need to Know
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September 26, 2023
Unravel the mysteries of Proof of Stake, its advantages over traditional consensus protocols, and why it's heralded as the future of cryptocurrency.
December 31, 2021
Blockchain networks require a consensus mechanism to validate new blocks added to the chain. Consensus mechanisms enable blockchain nodes to agree on the accuracy of each block of transactions before adding it to the chain, preventing fraudulent transactions and errors. Cryptocurrencies use two different mechanisms to reach a consensus on which new blocks to add to their blockchains: Proof of Work and Proof of Stake.
