Blockchain consensus, Part 1 -Breaking
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Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew LevineDiscussed by Koinos Group Here are some examples of challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: Upgradeability, Scalability Governance. This is the series about consensus algorithms: Parts 1 and 2 are about proof of work, while Part 3 deals with proof-of stake.
This article will use my perspective to provide a better understanding of the consensus algorithm, a widely used concept in blockchain technology.
Andrew LevineKoinos Group is his company’s chief executive officer. He and the Steem team are building blockchain-based solutions that allow people to have control and ownership over their digital identities. Koinos is the foundational product. A high-performance, blockchain designed on a new framework that allows developers to access the necessary features to provide the best user experience to promote blockchain adoption.
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