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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Consensus Mechanisms That Secure the Blockchains

The consensus mechanisms that secure the blockchains we hear so much about out in the world are called proof of work and proof of stake. Proof of work essentially relies upon performing a energetically difficult computation to generate the security for the Bitcoin network. If you can't access energy, you can't run Bitcoin. We'll talk about that later. In the meantime, today's topic is going to be talking about the consensus Mechanisms that secure theBlockchain.

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