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| Name | The 7 Types of Consensus Mechanisms You NEED To Know |
| Video Uploader | Video From CoinGecko |
| Upload Date | This Video Uploaded At 25-10-2022 10:33:11 |
| Video Discription | Unlike in centralized systems where a central administrator maintains and updates the database, decentralized systems disperse this role to different nodes which must reach the same conclusion and agree on the legitimacy of transactions hence the name consensus. In this video, we will look at 7 different types of consensus mechanisms besides proof of work and proof of stake. Links: CoinGecko: https://www.coingecko.com/ GeckoTerminal: https://www.geckoterminal.com/ Timestamps: 00:00 Intro 00:51 Why is consensus important? 02:32 Proof of Activity 04:03 Proof of Authority 05:40 Proof of Burn 07:07 Proof of Capacity 08:35 Proof of History 09:53 Proof of Importance 10:52 Delegated Proof of Stake 11:57 Outro Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter: https://twitter.com/coingecko Instagram: https://www.instagram.com/coingecko TikTok: https://www.tiktok.com/@coingeckotv Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://landing.coingecko.com/newsletter/ #blockchain #pow #pos #crypto #cryptocurrency #proofofwork #ethereum #finance #proofofstake [05IuuX0uFL4] |
| Category | Education |
| Tags | cryptocurrency | bitcoin | coingecko | ethereum | altcoin | blockchain | crypto regulation | government regulation on crypto | crypto and law |
