BLOCKCHAIN CONSENSUS PROTOCOLS
Want to know more about Blockchain Consensus Protocols? This is a brilliant article and well worth reading.
Digital Distributed Ledger Technology (Blockchain) in its basic form is simply a Consensus Algorithm managing stored data on a shared network of computers.
I was scanning my news feeds earlier and came across this article published today by Coindesk.
It is a fantastic article and credit to Coindesk for the extensive content.
The article goes on to explain..
- Proof of work
- Proof of stake
- Proof of activity
- Proof of burn
- Proof of capacity
- Proof of elapsed time
The future will see Consensus Algorithms rise in various forms but the basics will remain intact and that is one of a Decentralised Environment to manage and share data.
Once again this is a fantastic article, well researched and presented.
Articles like this helps you to start building a picture of the way in which data is set to be managed in the future.
Thanks again for reading.