One emerging development that we are seeing within blockchain architecture is the growing need to construct the optimal consensus algorithm. These algorithms are fundamental in ensuring that network consensus as to the shared state of the ledger can be reached. What is Proof of Burn? We have seen the creation of a number of different consensus algorithms, with proof of work (PoW) being the most popular. Each type of protocol represents a different approach as Read More The post Proof of Burn: A Better Alternative to Proof of Work? appeared first on Bitcoinist.com.



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