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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: KieranG on January 18, 2020, 10:54:58 PM



Title: POW, POS, DPOS, DBFT and POH, Tell me the benefit of each in 3 sentences or less
Post by: KieranG on January 18, 2020, 10:54:58 PM
So I'm doing a lot of research and would like to know how you would attempt to explain each protocol in 3 sentences or less.

Think of it as a pitch, or a fun explanation or would you have a comparison in your explanation linking it to something in everyday life.

Would love to know what you think of first when you read or see:

POW - Proof of Work
POS - Proof of Steak
DBFT - Delegated Byzantine Fault Tolerance
DPOS - Delegated Proof of Steak
POH - Proof of Honesty


Title: Re: POW, POS, DPOS, DBFT and POH, Tell me the benefit of each in 3 sentences or less
Post by: VanDeinsberg12 on January 18, 2020, 11:07:41 PM
So I'm doing a lot of research and would like to know how you would attempt to explain each protocol in 3 sentences or less.

Think of it as a pitch, or a fun explanation or would you have a comparison in your explanation linking it to something in everyday life.

Would love to know what you think of first when you read or see:

POW - Proof of Work
POS - Proof of Steak
DBFT - Delegated Byzantine Fault Tolerance
DPOS - Delegated Proof of Steak
POH - Proof of Honesty
1. Decentralized
2. Staking and Conservative
3. Scalability
4. Democracy
5. rarely heard this consensus


I think that's already contain the advantage that already bought by any consensus in less than 3 sentences expect the last one because i never heard about that.