What is Consensus Mechanism? Tokenview Blockchain Explorer
The consensus mechanism is the rule of node competition accounting in the blockchain system. The blockchain is a decentralized ledger. The resulting transactions requires a node to be billed and broadcasted to the entire network. How to choose one of these nodes requires a rule to be selected according to the rules. This rule is the consensus mechanism, and each participating node must follow the consensus mechanism. Different consensus mechanisms are running in different blockchain systems. Some common consensus mechanisms as follows : POW, POS, DPOS.
How to look up the consensus mechanism of each mainstream blockchain? Tokenview blockchain explorer enables all users to search the consensus mechanism of blockchain.