Blockchain Algorithms
Blockchain algorithms differ from one blockchain to another blockchain .Let us look at the different Consensus algorithms that are dervied so far.The following are the various consensus algorithms in blockchain technology : 1.Proof-of-Work 2.Proof-of-Stake 3.Delegated Proof-of-Stake 4.Leased Proof-Of-Stake 5.Proof of Elapsed Time 6.Practical Byzantine Fault Tolerance 7.Simplified Byzantine Fault Tolerance 8.Delegated Byzantine Fault Tolerance 9.Directed Acyclic Graphs 10.Proof-of-Activity 11.Proof-of-Importance 12.Proof-of-Capacity 13.Proof-of-Burn 14.Proof-of-Weight Proof-Of-Work ( PoW ) A Proof-of-Work is a measure of DoS attack and other service abuses which includes spam on a network by requiring some work from the service requester. It most involves a lot of computational power .Proof-of-work- allows,solving of computationally intensive puzzles to validate transactions and create new blocks. Cryptocurrency that uses PoW : Bitcoin uses PoW conse...