CCP21 Proof of What? Consensus Mechanisms

This week we are joined by Raghav "Reggie" Jerath, serial entrepreneur, leadership and management professional, from Gath3r, to talk about different models in use to secure blockchain transactions.

We have talked in the past about the 'proof of work' consensus mechanism used in the Bitcoin blockchain, to process transactions and generate new coins as block rewards, but this is not the only approach. Other blockchains use different methods to secure the same alignment of incentives and ensure that the chain is safe from bad actors, while remaining decentralised and scalable. One of the largest alternative cryptocurrencies is currently embarked on transitioning to proof of stake instead of proof of work - so it's important to understand the difference, and what it means for the future.

Find out more about Gath3r (especially if you're a website owner who wants to explore an alternative to running ads on your site), and keep up with them on Twitter too.

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