All Major Blockchain Consensus Algorithms Explained | Consensus Mechanism in Blockchain

Get Certified in Blockchain Technology. Both tech and Non-Tech can apply! 10% off on Blockchain Certifications. Use Coupon Code - blockchain10 ➡️ https://bit.ly/3VvzqSN Are you new to blockchain technology and want to learn about the different consensus algorithms in blockchain networks? Look no further! In this video, we explain all the major blockchain consensus algorithms, including Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), Practical Byzantine Fault Tolerance (PBFT), Proof of Elapsed Time (PoET), Proof of Burn (PoB), Proof of Capacity (PoC), Proof of Activity (PoA), Proof of Importance (PoI) and more. Video Walkthrough (All Blockchain Consensus Explained) 0:00 What Are Blockchain Consensus Mechanisms 0:33 What is Proof of Work (PoW) in Blockchain 1:07 What Does Proof of Stake (PoS) Mean in Crypto 1:52 What is Delegated Proof of Stake (DPoS) 2:30 What is Leased Proof of Stake (LPoS) 3:16 What is Proof of Authority (PoA) in Blockchain 4:01 What is Byzantine Fault Tolerance in Blockchain 5:48 What is Practical Byzantine Fault Tolerance (PBFT) 6:42 Delegated Byzantine Fault Tolerance (dBFT) Explained 7:36 What is a Directed Acyclic Graph (DAG) in Crypto 8:45 What is Proof of Capacity Consensus Mechanism 9:12 Proof of Burn Consensus Algorithm in Blockchain 9:37 What is Proof of Identity in Blockchain 10:01 What is Proof of Activity & Why it Matters 10:40 Proof of Elapsed Time (PoET) in Blockchain 11:26 What is Proof of Importance Consensus Algo 12:11 Conclusion Understanding the consensus mechanism in blockchain is crucial for anyone interested in this technology, as they determine how transactions are verified and added to the blockchain. Our comprehensive explanation of each consensus algorithm types will help you gain a deeper understanding of how blockchain works and what makes each algorithm unique. We'll also discuss the advantages and disadvantages of each blockchain consensus explained in simple manner and explore real-world examples of types of consensus mechanism in blockchain that use them. Whether you're a developer, investor, or simply interested in blockchain technology, this video is the perfect introduction to blockchain consensus algorithms and is well suited for anyone who wants to understand types of consensus algorithms in blockchain. Recommended Videos, Byzantine Fault Tolerance in Blockchain | Classic Generals Problem & its Solutions: PBFT & FBA https://www.youtube.com/watch?v=sF7p-RUQXNI Proof of Work vs Proof of Stake vs Proof of Authority Explained | PoA vs PoW vs PoS Blockchain https://www.youtube.com/watch?v=2EabDUGIkBg What is Web 3.0 Explained | Web 1.0 vs Web 2.0 vs Web 3.0 Crypto https://www.youtube.com/watch?v=OWBxKoPsntw Web 3.0 Architecture & Web3 Tech Stack for Beginners | Web2 vs Web3 Architecture https://www.youtube.com/watch?v=4lli77_-cTU What are Smart Contracts in Blockchain, its Importance & How Smart Contracts Work https://www.youtube.com/watch?v=hb5lifYSJt8 Got feedback on this video of the list of consensus algorithms in blockchain explained? Feel free to share your views about consensus in crypto in the comment section below. Let's get social! https://twitter.com/brandlitic https://www.instagram.com/brandlitic https://www.facebook.com/brandlitic #Blockchain #Crypto #Consensus #proofofstake #proofofwork #programming #coding #solidity #blockchaintechnology #bitcoin