Capodieci - Proof of... what?
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The document discusses different methods for securing blockchains known as consensus algorithms. It explains proof of work, which uses externally produced results like CPU mining to validate blocks, and proof of stake, which uses internally produced results like the amount of coins held. Proof of stake calculates a score based on coin amounts to determine the authoritative chain in a fork. The document provides examples of other consensus algorithms like proof of activity, proof of elapsed time, and compares the main differences between proofs that use external versus internal results.
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2. Proof-of-Work (PoW) algorithms like Bitcoin use computational power to solve cryptographic puzzles to add blocks and secure the network.
3. Proof-of-Stake (PoS) algorithms assign weight to nodes based on their stake in the network and select block producers probabilistically.
4. Delegated Proof-of-Stake (DPoS) algorithms allow token holders to elect block producers to validate on their
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Capodieci - Proof of... what?
- 1. how blockchains are secured Proof of… What?
- 2. Peer to Peer network How it works
- 3. Peer to Peer network
- 4. Peer to Peer network ?
- 5. Peer to Peer network
- 6. Peer to Peer network
- 7. The Chain of Blocks How it is made
- 8. How a blockchain is formed 0 1 2 3 4
- 9. How a blockchain is formed 0 GENESIS BLOCK
- 10. How a blockchain is formed 0 1 A NEW BLOCK HOW IS IT MADE ?
- 11. How a blockchain is formed
- 12. How a blockchain is formed
- 13. How a blockchain is formed
- 14. How a blockchain is formed 0 1 1
- 15. CONSENSUS What make all the nodes take the same decision?
- 17. CONSENSUS
- 18. CONSENSUS FORK
- 19. CONSENSUS
- 20. CONSENSUS
- 21. CONSENSUS
- 22. Proof of... How the chain in blockCHAIN is made
- 23. [from: https://101blockchains.com/consensus-algorithms-blockchain] Various existing proof of… Proof Of Work (PoW) ● CPU Mining ● GPU Mining ● FPGA Mining ● ASIC Mining ● Mining Pools ● Cloud Mining Proof of Stake (PoS) Delegated Proof of Stake (DPoS) Proof of Authority (PoA 1) Proof of Capacity (PoC) Proof of Elapsed Time (PoET) Proof of Activity (PoA 2) Proof of Burn (PoB) Proof of Importance (PoI) etc...
- 24. Main differences between proofs Uses externally produced results Uses internally produced results
- 25. Proof of... WORK
- 26. Proof of Work Uses externally produced results In case of a fork, the authoritative chain is the one created with more hashing power
- 28. Proof of... (Stake) Uses internally produced results PUBLIC KEY PRIVATE KEY
- 29. 4 6 8 10 4 6 8 10 10 8 10 4 Proof of... (Stake) Uses internally produced results
- 30. Proof of... (Stake) Uses internally produced results 10 8 10 4 10 10 8 8 10+8+10+10+8 = 4646 10+8+10+4+8 = . 40 . 40 In case of a fork, the authoritative chain is the one created with more score
Editor's Notes
- Hello