Crypto & blockchain

Consensus mechanisms

How blockchain networks agree on the next block.

Terms

3 terms

  • Crypto mining

    Crypto mining is the proof-of-work process in which miners spend computing power to add new blocks to a blockchain and earn newly issued coins and fees.

  • Proof of stake

    Proof of stake is a blockchain consensus mechanism in which validators lock tokens as collateral to confirm blocks and lose part of it for misconduct.

  • Proof of work

    Proof of work is a blockchain consensus mechanism in which miners spend computing power on hash puzzles to earn the right to add blocks.