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Diving into the heart of blockchain tech, consensus mechanisms ensure network security and integrity. PoW (Proof of Work) relies on computational power to validate transactions, while PoS (Proof of Stake) uses staked coins. Beyond these, mechanisms like DPoS (Delegated Proof of Stake) and Casper (PoS for Ethereum) aim to enhance efficiency and scalability. Each has its pros and cons, shaping the future of decentralized finance and beyond.
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