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Easy to follow overview of the 10 most popular blockchain consensus mechanisms with examples of each. https://GetMyFreeCrypto.com Blockchains require trust between total strangers all over the globe. They accomplish this through a technique called a consensus mechanism. A consensus mechanism is what allows all the different data storage sites around the world to reach consensus or agreement on what transactions are valid and which are not. More importantly it blocks someone from trying to cheat the system by dominating a majority of the transaction recording nodes. On a blockchain you work with others that you don’t necessarily know or trust, so we use math and computer programming to create this trust. I'll explain how consensus works, why it is so important and go over the 10 most popular methods. *** Video Links *** Staking Tokens - https://www.youtube.com/watch?v=vZ2UZdB07fo The Trilemma - https://www.youtube.com/watch?v=oLbfAfCVG_4 Helium To Solana - https://www.youtube.com/watch?v=Azo9RMs6nxw Block Explorers - https://www.youtube.com/watch?v=7CTAtfbt55E *** Time Codes *** 0:00 - What is Consensus 1:14 - Proof Of Work - Bitcoin 2:58 - Proof Of Stake - Ethereum 4:18 - Proof Of Authority - Binance 5:31 - The Trilemma 5:47 - Free Tokens 6:05 - Delegated Proof Of Stake - Solana 6:47 - Proof Of Capacity - BitTorrent 7:33 - Proof Of Weight - Algorand 7:58 - Proof Of Burn - SlimCoin 9:02 - Practical Byzantine Fault Tolerance - HyperLedger 9:42 - Unique Node List - Ripple 10:18 - Proof Of Coverage - Helium 11:18 - Rewarding Miners & Validators 11:44 - Public Blockchain Records *** Disclaimers *** FINANCIAL DISCLAIMER: Jason Moffatt and David Tatera created CryptoTutorials.org to help people with common questions about purchasing and owning crypto currencies and NFTs. All information provided is general knowledge and for educational purposes only. It is definitely NOT investment advice. Please seek a professional before investing and only invest what you can afford to lose. AFFILIATE DISCLOSURE: From time to time, Jason Moffatt & David Tatera David Tatera LLC and/or & CryptoTutorials.org will share links to exchanges and other crypto related websites that may contain affiliates links. Affiliate links are ways to track and attribute us as the original referrer and sometimes, we may be paid a commission for that referral.

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