Bitcoin’s Proof of Work vs. Altcoin Consensus Mechanisms
Bitcoin, the first decentralized cryptocurrency, introduced the concept of Proof of Work (PoW) as the consensus mechanism to validate transactions and secure the network. Since then, numerous alternative cryptocurrencies, or altcoins, have emerged with different consensus mechanisms as they seek to improve upon Bitcoin’s PoW. In this article, we will compare Bitcoin’s PoW with some […]