BLOCKCHAIN-BASICS5 MIN READ
Sort consensus claims from consensus facts
Distinguish proof-of-work, proof-of-stake, and permissioned consensus claims at a basic level.
Sort each consensus claim into the model it most closely describes. Proof of work Proof of stake Permissioned consensus Participants compete by performing computational work to propose blocks Rewriting history would require redoing work and catching the accepted chain Validators participate by locking stake and following protocol rules Bad validator behavior can be penalized under network rules Only approved organizations can run validating nodes Membership removal and validator onboarding are governance decisions
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