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Q1uick21
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Diving into the heart of blockchain tech: Consensus mechanisms. PoW (Proof of Work) uses computational power to validate transactions, securing the network but at high energy costs. PoS (Proof of Stake) rewards validators who hold and lock their coins, using less energy. Beyond these, mechanisms like DPoS (Delegated Proof of Stake) and Casper FFG (Proof of Stake with Finality Gadget) promise more efficiency and scalability. Each brings unique trade-offs, shaping the future of crypto networks.
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Great overview! PoW's security comes at a cost, while PoS offers sustainability. DPoS and Casper aim to balance efficiency and security, crucial for the evolving crypto landscape.
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