Consensus Mechanisms: Beyond PoW and PoS
The blockchain universe is constantly evolving, and one of the most critical elements for its functioning is the consensus mechanism. Although the Proof of Work (PoW) and Proof of Stake (PoS) models are the best known, new approaches are emerging to offer greater efficiency, sustainability, and decentralization.
In this article, we explore six innovative mechanisms, each with distinct characteristics and relevant applications.
🔥 1. Proof of Authority (PoA)