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 Some of the problems 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: Upgradability, Scalability Governance. The consensus algorithm is the focus of this series: Part I is all about the proof-of workPart 2 is all about proof of stake and Part 3 about proof of burn.

My second article in a series on consensus algorithms is this one. I use my unique perspective and experience to give the reader a better understanding of the often confusing concept. In the first article in the series, I explored proof-of-work (the OG consensus algorithm) and, in this article, I’ll be exploring proof-of-stake.