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Consensus Mechanisms (PoW/PoS & More)

Why blockchains need a consensus mechanism, how Proof of Work, Proof of Stake and other approaches differ – and what this means for security, decentralisation and cost.

Article Coming Soon

This knowledge article will be published shortly. It will compare the main consensus mechanisms – especially PoW and PoS – in terms of security, energy usage, decentralisation and governance, and outline which approaches fit which types of use cases.