#BlockchainConsensus #AlgoritmaKonsensus #proofofwork #ProofOfStake #BlockchainTechnology Below is an explanation of each commonly used consensus algorithm in blockchain:
1. Proof of Work (PoW):
- Description: A consensus algorithm that requires validators (miners) to solve complex mathematical puzzles to validate transactions and create new blocks.
- How it works: Miners must use computing power to solve mathematical puzzles, and the first to solve the puzzle will gain the right to create a new block and receive rewards.