BLOCKCHAIN CONSENSUS PROTOCOLS

Credit:coindesk

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.

http://www.coindesk.com/short-guide-blockchain-consensus-protocols/

Credit:coindesk

Credit:coindesk

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.

Stephen