ChaficNov 28, 2021 · 3 years ago8 answers What are the different consensus algorithms used in blockchain technology?
Can you explain the various consensus algorithms used in blockchain technology? How do they work and what are their advantages and disadvantages? I'm particularly interested in understanding the differences between Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS) algorithms. Are there any other consensus algorithms that are commonly used in the blockchain industry?