Consensus mechanisms in blockchain networks are essential for ensuring that all participants agree on a single source of truth, which is vital for the reliability and security of decentralized systems. The article discusses various mechanisms, including Proof of Work, Proof of Stake, and Solana's Proof of History (PoH). PoH addresses challenges inherent in distributed systems, such as unreliable nodes and synchronization issues, by employing a timestamping method that enhances consensus and efficiency within the network, significantly improving its performance.
Consensus mechanisms are crucial in blockchain networks to ensure agreement among participants on a single source of truth, enhancing both reliability and security.
Proof of History (PoH), introduced by Solana's co-founder, addresses the challenges of unreliable nodes, enabling synchronization in distributed systems and improving consensus efficiency.
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