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Are you new to blockchain technology and want to learn more about the different consensus algorithms in blockchain networks? Search no further! In this video we explain all the major blockchain consensus algorithms including Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), Practical Byzantine Fault Tolerance (PBFT), Proof of Elapsed Time (PoET) , Proof of Burn (PoB), Proof of Capacity (PoC), Proof of Activity (PoA), Proof of Interest (PoI) and more.
Video Walkthrough (All Blockchain Consensus Explained)
0:00 What are blockchain consensus mechanisms
0:33 What is Proof of Work (PoW) in Blockchain
1:07 What does Proof of Stake (PoS) mean in Crypto
1:52 What is Delegated Proof of Stake (DPoS)
2:30 What is a rental proof of stake (LPoS)
3:16 What is Proof of Authority (PoA) in Blockchain
4:01 What is Byzantine Fault Tolerance in Blockchain
5:48 What is Practical Byzantine Fault Tolerance (PBFT)
6:42 Delegated Byzantine Fault Tolerance (dBFT) explained
7:36 What is a directed acyclic graph (DAG) in Crypto
8:45 What is the consensus mechanism for proof of capacity
9:12 Proof of Burn Consensus Algorithm in Blockchain
9:37 What is ID in Blockchain
10:01 What is evidence of activity and why it matters
10:40 Proof of Elapsed Time (PoET) in Blockchain
11:26 What is evidence of importance Consensus Algo
12:11 Conclusion
Understanding the consensus mechanism in blockchain is crucial for anyone interested in this technology, as they determine how transactions are verified and added to the blockchain. Our in-depth explanation of each type of consensus algorithm will help you gain a deeper understanding of how blockchain works and what makes each algorithm unique.
We will also discuss the pros and cons of each blockchain consensus, explained in a simple way, and explore real-world examples of types of consensus mechanisms in blockchain that use them. Whether you're a developer, investor, or just interested in blockchain technology, this video is the perfect introduction to blockchain consensus algorithms and is great for anyone who wants to understand types of consensus algorithms in blockchain.
Recommended videos,
Byzantine Fault Tolerance in Blockchain Classic Generals Problem and Its Solutions: PBFT & FBA
https://www.youtube.com/watch?vsF7p-RUQXNI
Proof of Work vs. Proof of Stake vs. Proof of Authority Explained PoA vs. PoW vs. PoS Blockchain
https://www.youtube.com/watch?v2EabDUGIkBg
What is Web 3.0 explained Web 1.0 vs. Web 2.0 vs. Web 3.0 Crypto
https://www.youtube.com/watch?vOWBxKoPsntw
Web 3.0 Architecture and Web3 Tech Stack for Beginners Web2 vs Web3 Architecture
https://www.youtube.com/watch?v4lli77_-cTU
What are smart contracts in Blockchain, its importance and how smart contracts work
https://www.youtube.com/watch?vhb5lifYSJt8
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