Week 1 – International School on Algorand Smart Contracts: Blockchain Consensus Mechanisms
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Algorand Foundation | 2022-09-29 10:08:54 | 1,062 Views |
Ivan Visconti hates this talk that focuses on blockchain consensus mechanisms. It first reminds how consensus can be achieved in the case where consent has been granted, noting the different assumptions about the timing of message delivery.
It then introduces Nakamoto's consensus based on evidence of work, noting its pros and cons.
Finally, it discusses the consensus mechanism used in Algorand, which relies on proofs of stake to realize cryptographic sorts and on approving blocks in the presence of adaptive adversaries.
Slides: https://algorand-school.github.io/algorand-school/slides/ViscontiConsensus.pdf
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