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Topic: What are the most popular consensus? (Read 224 times)
Check this infographic
Now that's something amazing. Thanks.
Hi everyone. I know about Proof-of-Work, -Stake, -Capacity and some others. I've heard some of them are implemented in different projects. Are there any alternative and popular consensus approaches?
Check this infographic
Credits 101Blockchains.com
DAG, Direct Acyclic Graph is the most unique, in my opinion.
And it's also the most neutral.
And it's also the most neutral.
Thanks for the lists and the links.
Here is a list based on the book Mastering Blockchain (you mentioned the first two):
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Additional mechanisms that you haven't yet listed.
Proof of Burn
Practical Byzantine fault tolerant Mechanism
Proof of Identity
They're explained in the article. I've never heard about them before. Sounds pretty interesting.Practical Byzantine fault tolerant Mechanism
Proof of Identity
This article also explains 4 other (Which i think are) consensus mechanisms.
Quote from: https://medium.com/the-daily-bit/9-types-of-consensus-mechanisms-that-you-didnt-know-about-49ec365179da
9. Direct Acyclic Graphs (DAGs)
4. Proof of Activity
3. Proof of Capacity
2. Proof of Authority (PoA)
4. Proof of Activity
3. Proof of Capacity
2. Proof of Authority (PoA)
I have no clue if these are even applicable in cryptocurrencies at all. Some if not most of them sound pretty far-fetched.
WOW! I only knew about POW and POS but I see that there are a lot of different mechanisms totally new for me.
A good place to start investigating from, let's take a look at all those different consensus mechanisms (I'll have to read Mastering Blockchain I see to start with the topic
). Thanks for sharing and great answers all the ones above. 
Here is a list based on the book Mastering Blockchain (you mentioned the first two):
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Additional mechanisms that you haven't yet listed.
Proof of Burn
Practical Byzantine fault tolerant Mechanism
Proof of Identity
They're explained in the article. I've never heard about them before. Sounds pretty interesting.Practical Byzantine fault tolerant Mechanism
Proof of Identity
This article also explains 4 other (Which i think are) consensus mechanisms.
Quote from: https://medium.com/the-daily-bit/9-types-of-consensus-mechanisms-that-you-didnt-know-about-49ec365179da
9. Direct Acyclic Graphs (DAGs)
4. Proof of Activity
3. Proof of Capacity
2. Proof of Authority (PoA)
4. Proof of Activity
3. Proof of Capacity
2. Proof of Authority (PoA)
I have no clue if these are even applicable in cryptocurrencies at all. Some if not most of them sound pretty far-fetched.
Here is a list based on the book Mastering Blockchain (you mentioned the first two):
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation
Hi everyone. I know about Proof-of-Work, -Stake, -Capacity and some others. I've heard some of them are implemented in different projects. Are there any alternative and popular consensus approaches?
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