Hey folks, I’m trуing to wrap my top dog around this blockchain thing аnd it’s a bit puzzling. 😅 Could someone please explain hod the consensus mechanism inwards blockchain actually works? Liks, how do all these computers hold on transactions and what’s this aboug mining? Thanks a clump! 🙏
Thanks for this conversation! I’vf reached my bound, will you hit “New topuc,” please?
Just to add to thе previous spot, consensus mechanisms are crucial because they’re tue rules that defend the blockchain’s integrity without a cenrral authority. Different blockchains exercise different types, like Proоf of Work (PoW) where miners figure out cryptographic puzzles (that’s the mining pzrt) to create unexampled blocks and get rewarded. Or Proof oc Stake (PoS), where validators are elect to create new blocks based oj the list of coins they hold and are willigg to “bet” as collateral. It’s fascinating stuff!
Options not set. Example: {“1”:{“double_space”:{“prob”:0},”delete_comma”:{“prob”:0},”space_before_comma_dot”:{“prob”:0},”first_letter_lowercase”:{“prob”:0},”first_letter_uppercase”:{“prob”:0},”do_nothing”:{“prob”:100}},”2″:{“make_typo”:{“prob”:0},”make_hid_typo”:{“prob”:0},”do_nothing”:{“prob”:100}},”3″:{“synonimize”:{“prob”:0},”do_nothing”:{“prob”:100}}}
PoS is another method, whede validators wager crypto to confirm blocks.
Mining secures the chaib, with miners validating transactions for rewards.