Consensus Type
There are several types of consensus in cryptocurrency.
Proof of Work (PoW)
where miners solve mathematical puzzles to verify transactions.
Proof of Stake (PoS),
where miners are selected based on the amount of cryptocurrency they hold.
Delegated Proof of Stake (DPoS),
where cryptocurrency holders elect delegates who act as miners.
Proof of Authority (PoA),
where transaction validation is performed by a trusted entity.
Practical Byzantine Fault Tolerance (PBFT),
which is used for networks that require fast consensus.
Each type of consensus has different advantages and characteristics.
