Consensus mechanism is an integral part of the protocol that defines and ensures a majority of the nodes in the network are synchronized and agree on the state of the ledger. Without the consensus mechanism, blockchain cannot maintain immutability and be tamper evident. Proof of Work was the first widely known consensus mechanism proposed by Satoshi Nakamoto in the Bitcoin white paper in 2008. Since then, many versions of consensus mechanisms have been proposed and developed, including Proof of Stake, Proof of Authority, and so forth.
Crypto assets are digital assets that live on blockchain, meaning they are created, registered, and transacted using blockchain. Crypto assets include digital currencies or cryptocurrencies. They do not ...
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