3min chapter

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Blockchains, crypto, & web3: Connections, models, more

a16z Podcast

CHAPTER

The Evolution of Consensus Protocols in Blockchain Technology

This chapter examines the historical development of consensus protocols from the 1980s, emphasizing their transition from centralized systems to decentralized blockchain applications. It addresses the innovations and challenges faced by modern mechanisms like proof of work and proof of stake in improving blockchain scalability and efficiency.

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