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Consensus mechanisms are the backbone of blockchain, ensuring secure and decentralized operations. PoW (Proof of Work) relies on miners solving complex puzzles, securing the network but consuming vast energy. PoS (Proof of Stake) selects validators based on their holdings and reputation, using less energy. Emerging mechanisms like DPoS (Delegated Proof of Stake) and Casper aim to balance efficiency and security further. Each has pros, cons, shaping the future of crypto.
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