On this page, you'll explore a variety of consensus mechanisms beyond the most commonly known ones. While not as widely recognized, these alternative proofs still play a significant role in the world of blockchain and cryptocurrency. Each one offers a unique approach to achieving consensus and maintaining the integrity of the network. Whether it's through innovative validation processes or specialized governance models, these mechanisms contribute to the diversity and richness of blockchain technology.
Proof of Byzantine Fault Tolerance
Proof of Byzantine Fault Tolerance (PBFT) is designed to protect against Byzantine faults within a distributed network, allowing the system to reach consensus even if some of the nodes fail or act maliciously. It's a consensus mechanism that is often used in permissioned blockchain networks.
Proof of Burn
Proof of Burn (PoB) is a consensus mechanism where miners can "burn" or permanently destroy a portion of their cryptocurrency to gain the right to mine new blocks. This method simulates mining by making coin destruction a cost of participation, aiming to be more energy-efficient than PoW.