Consensus algorithms are the basis of the Blockchain / DAG technology; they are like DNA without which the blockchain / dag would have no reason to exist, losing its characteristics peculiar and unique.
In this article we have collected all the algorithms that make possible what today is the Blockchain / Dag; useful for beginners but also for the more experienced, because it can give an input and a different view on the many cryptocurrency that there are, as well as the mere knowledge of the algorithm and the Coin itself (link to the site of each currency)
https://hackernoon.com/consensuspedia-an-encyclopedia-of-29-consensus-algorithms-e9c4b4b7d08f continuously updated
I did not think they were so many
Seriously though I would never imagine blockchains to be this much innovative at all. I mean blockchain itself, the first ever blockchain system that bitcoin had was the epitome of blockchain for a long time, litecoin was also a close second as well, there was something like "namecoin" or whatever that people mined at the same time while mining bitcoin those days and those were it.In this article we have collected all the algorithms that make possible what today is the Blockchain / Dag; useful for beginners but also for the more experienced, because it can give an input and a different view on the many cryptocurrency that there are, as well as the mere knowledge of the algorithm and the Coin itself (link to the site of each currency)
https://hackernoon.com/consensuspedia-an-encyclopedia-of-29-consensus-algorithms-e9c4b4b7d08f continuously updated
I did not think they were so many
Looking at what blockchain became today, not only the different styles of blockchain and different ways of mining but also how they could be used to improve our day to day life with the new innovations just blows my mind. How amazing is it that people can actually improve something that already improved something so quickly. Bitcoin is not some old traditional legacy thing, it is cutting edge technology compared to everything else but when compared to some of the new systems, it looks old already.
