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Title: What are the most popular consensus? Post by: yakust on September 05, 2018, 10:35:29 AM Hi everyone. I know about Proof-of-Work, -Stake, -Capacity and some others. I've heard some of them are implemented in different projects. Are there any alternative and popular consensus approaches?
Title: Re: What are the most popular consensus? Post by: butka on September 05, 2018, 10:51:51 AM Here is a list based on the book Mastering Blockchain (https://www.amazon.com/Mastering-Blockchain-decentralization-cryptography-frameworks/dp/1787125440) (you mentioned the first two):
Proof of Work - based on users having spent computational resources Proof of Stake - based on users owning enough stakes in the system Delegated Proof of Stake - based on voting, which is based on stakes owned Proof of Elapsed Time - Hyperledger technology, not sure how it works Deposit-based consensus - based on security deposits Proof of importance - like PoS but how the users use their coins also comes into play Federated consensus - publicly trusted validators decide on the consensus Reputation-based mechanisms - electing a leader based on reputation Title: Re: What are the most popular consensus? Post by: AdolfinWolf on September 05, 2018, 06:09:29 PM Here is a list based on the book Mastering Blockchain (https://www.amazon.com/Mastering-Blockchain-decentralization-cryptography-frameworks/dp/1787125440) (you mentioned the first two): Proof of Work - based on users having spent computational resources Proof of Stake - based on users owning enough stakes in the system Delegated Proof of Stake - based on voting, which is based on stakes owned Proof of Elapsed Time - Hyperledger technology, not sure how it works Deposit-based consensus - based on security deposits Proof of importance - like PoS but how the users use their coins also comes into play Federated consensus - publicly trusted validators decide on the consensus Reputation-based mechanisms - electing a leader based on reputation Additional mechanisms that you haven't yet listed. Proof of Burn They're explained in the article. I've never heard about them before. Sounds pretty interesting.Practical Byzantine fault tolerant Mechanism Proof of Identity This article also explains 4 other (Which i think are) consensus mechanisms. Quote from: https://medium.com/the-daily-bit/9-types-of-consensus-mechanisms-that-you-didnt-know-about-49ec365179da 9. Direct Acyclic Graphs (DAGs) 4. Proof of Activity 3. Proof of Capacity 2. Proof of Authority (PoA) I have no clue if these are even applicable in cryptocurrencies at all. Some if not most of them sound pretty far-fetched. Title: Re: What are the most popular consensus? Post by: Davil on September 05, 2018, 06:44:46 PM Here is a list based on the book Mastering Blockchain (https://www.amazon.com/Mastering-Blockchain-decentralization-cryptography-frameworks/dp/1787125440) (you mentioned the first two): Proof of Work - based on users having spent computational resources Proof of Stake - based on users owning enough stakes in the system Delegated Proof of Stake - based on voting, which is based on stakes owned Proof of Elapsed Time - Hyperledger technology, not sure how it works Deposit-based consensus - based on security deposits Proof of importance - like PoS but how the users use their coins also comes into play Federated consensus - publicly trusted validators decide on the consensus Reputation-based mechanisms - electing a leader based on reputation Additional mechanisms that you haven't yet listed. Proof of Burn They're explained in the article. I've never heard about them before. Sounds pretty interesting.Practical Byzantine fault tolerant Mechanism Proof of Identity This article also explains 4 other (Which i think are) consensus mechanisms. Quote from: https://medium.com/the-daily-bit/9-types-of-consensus-mechanisms-that-you-didnt-know-about-49ec365179da 9. Direct Acyclic Graphs (DAGs) 4. Proof of Activity 3. Proof of Capacity 2. Proof of Authority (PoA) I have no clue if these are even applicable in cryptocurrencies at all. Some if not most of them sound pretty far-fetched. WOW! I only knew about POW and POS but I see that there are a lot of different mechanisms totally new for me. A good place to start investigating from, let's take a look at all those different consensus mechanisms (I'll have to read Mastering Blockchain I see to start with the topic :D). Thanks for sharing and great answers all the ones above. Title: Re: What are the most popular consensus? Post by: yakust on September 06, 2018, 05:59:05 AM Thanks for the lists and the links.
Title: Re: What are the most popular consensus? Post by: Planeparke on September 06, 2018, 08:58:39 AM DAG, Direct Acyclic Graph is the most unique, in my opinion.
And it's also the most neutral. Title: Re: What are the most popular consensus? Post by: avivsun on September 06, 2018, 12:59:00 PM Hi everyone. I know about Proof-of-Work, -Stake, -Capacity and some others. I've heard some of them are implemented in different projects. Are there any alternative and popular consensus approaches? Check this infographic https://101blockchains.com/wp-content/uploads/2018/08/Different_Consensus_Algorithms.png Credits 101Blockchains.com (https://101blockchains.com/consensus-algorithms-blockchain/) Title: Re: What are the most popular consensus? Post by: yakust on September 07, 2018, 07:20:06 AM Check this infographic Now that's something amazing. Thanks. |
