Bitcoin Forum
November 15, 2024, 03:38:17 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Which Is Your Favorite Blockchain Consensus Algorithm?  (Read 129 times)
blockchain2k (OP)
Member
**
Offline Offline

Activity: 420
Merit: 44


View Profile
October 22, 2018, 03:46:58 PM
 #1

And what is the reason?
SidneyFoley
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
October 24, 2018, 01:40:56 AM
 #2

There are some good blockchain consensus algorithm out there. Not all of them are same and equally efficient. One should always go for the most reliable and most efficient blockchain consensus algorithm.
Bergqvist
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
October 24, 2018, 02:29:34 AM
 #3

Not every consensus algorithm is perfect, but they each have their strengths. But POW is still a favourite as it was the first blockchain consensus algorithm. And devised by Satoshi Nakamoto himself for use.
cc80aa
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
October 24, 2018, 04:30:30 AM
 #4

  i like to use (POS) or proof of stake as a new member on the blockchain
  the block arent created by miners doing work, but by minyers staking their token to voting on which fork to support.
  assuming most people vote on the correct fork, validatorwho voted on the wrong fork would lose their stakes
JeffBrad12
Hero Member
*****
Offline Offline

Activity: 2968
Merit: 533


Leading Crypto Sports Betting & Casino Platform


View Profile
October 24, 2018, 05:07:14 AM
 #5

 i like to use (POS) or proof of stake as a new member on the blockchain
  the block arent created by miners doing work, but by minyers staking their token to voting on which fork to support.
  assuming most people vote on the correct fork, validatorwho voted on the wrong fork would lose their stakes
It will consume less energy compared with POW system but there was a lot of blockchain consensus algorithm just like DPOS, PoA, and many more. Each of them has their own advantages compared with another consensus. But just try to pick the best one that will not a=consume a lot of energy to support the global warming.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
3x2
Legendary
*
Offline Offline

Activity: 1526
Merit: 1004



View Profile
October 24, 2018, 05:09:36 AM
 #6

"proof of stakes": it is fav of every investors who wanna invest for a long time. Even ethereum is going to come from POW to POS in near future but the date and year is not yet finalized.
Mathias Allen
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
October 24, 2018, 09:03:33 AM
 #7

Well, there are many algorithm and the most popular one is of course blockchain. This is the one which the other algorithms mainly follow, just giving other facilities. But other algorithms are not bad also, except for some scams. So it all depends on the usage, it varies as per the user.
Aidenpeters
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
October 24, 2018, 04:06:00 PM
 #8

When setting up your business on the blockchain there are numerous different consensus algorithms from which to choose. Here are a few other consensus algorithms that the "Blockchain for business - An Introduction to Hyperledger Technologies".
SuiMikira
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
October 25, 2018, 03:39:52 AM
 #9

Well, there are many algorithm and the most popular one is of course blockchain. This is the one which the other algorithms mainly follow, just giving other facilities. But other algorithms are not bad also, except for some scams. So it all depends on the usage, it varies as per the user.
Blockchain is not a algorithm, it is a technology. Some popular algorithms are Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof-of-Stake (DPoS). Do learn more buddy.

 
Asomawyn21
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
October 26, 2018, 08:10:03 PM
 #10

It is hard to tell and frankly to give best answer. This is a quote from a paper i found in a reddit forum which is interesting "When looking at Blockchain to solve a business problem, it is imperative to look at the scale of the intended network, the relationships between participants, and both functional and non-functional aspects (such as performance and confidentiality) before determining the right platform and the right consensus model to use." Hope it helps somehow.
Jeroregan58
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
October 26, 2018, 08:10:25 PM
 #11

Every blockchain consensus algorithm has prons and cons. The suggestion would be research for yourself a bit and then come to a decision which one you want to use.
Eowiadia001
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
October 26, 2018, 08:10:44 PM
 #12

It's a bit tough to answer. Every algorithm has its own advantages and disandvantages. It completely depends on you on what kind you would like to work on.
Galayviel02
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
October 26, 2018, 08:11:01 PM
 #13

I am a miner myself and my most favourite is the Proof-of-Work (PoW).  It is mainly implemented mostly in Bitcoin, Ethereum, Litecoin, Dogecoin and many more.
tamango
Full Member
***
Offline Offline

Activity: 602
Merit: 100



View Profile
October 26, 2018, 08:12:10 PM
 #14

I prefer proof of stakes (POS) but every algorithm has its advantages  (for example: more secure) and disadvantages  (for example: too consumption of cpu or fees to miners)
kindbtc
Member
**
Offline Offline

Activity: 1008
Merit: 12

SAPG Pre-Sale Live on Uniswap!


View Profile
October 26, 2018, 09:00:42 PM
 #15

Although proof of work seems outdated and old fashioned and also comes with a lot of disadvantages like expensive equipment, high energy consumption etc but my personal choice among all these algorithms is still pow, it just gives me the feeling of that real.work and real busines

Swaap | Nova Bank
----------------------------------------------
[ GET | ACCEPT | EXCHANGE | WALLETS ]
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!