Week 3Copy

 Decentralized Consensus Mechanisms

• Explore the decentralized consensus mechanisms crucial for maintaining the integrity and security of blockchain networks.
• Examine Proof of Work (PoW) consensus, the pioneering mechanism behind Bitcoin, which relies on computational work to validate transactions.
• Understand Proof of Stake (PoS) consensus, an alternative approach where validators are chosen based on the amount of cryptocurrency they hold.
• Investigate Byzantine Fault Tolerance (BFT) consensus, designed to ensure agreement among nodes in the presence of faulty or malicious actors, crucial for enterprise blockchain applications.