What is Proof of Stake (PoS)?
Proof of Stake is a consensus algorithm in which the right to create blocks depends on the number of coins locked by a participant rather than on computing power.
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What is Proof of Work (PoW)?
Proof of Work is a consensus algorithm in which the right to add a block and receive a reward depends on the amount of computational work done to find a hash.
What is Proof of Activity (PoA)?
Proof of Activity is a hybrid consensus algorithm that combines the Proof of Work and Proof of Stake mechanisms to increase the security and resilience of the network.
What is Proof-of-Burn (PoB) in cryptocurrencies?
Proof-of-Burn is a consensus algorithm in which a participant irreversibly destroys a portion of coins in order to earn the right to create blocks and claim a reward in the network.
What is Proof of Capacity (PoC) in cryptocurrencies?
Proof of Capacity is a consensus algorithm in which miners use free space on storage drives instead of energy-intensive computations, which makes mining coins cheaper and more environmentally friendly.
What is Proof of Importance (PoI) in cryptocurrencies?
Proof of Importance is a consensus algorithm that takes into account not only the size of the balance but also a participant's activity in the network when distributing the right to create blocks.
What is Proof-of-Storage in cryptocurrencies?
Proof-of-Storage is a mechanism in which participants provide disk space for shared data, and the network confirms that the files are indeed reliably stored.
What is Proof of Service in cryptocurrencies?
Proof of Service is a mechanism in which nodes perform useful functions for the network and receive a reward for this, provided they hold a fixed collateral of coins.
What is a road map in cryptocurrencies?
A road map is a public development plan of a crypto project that describes, stage by stage, the goals, key milestones, and approximate timelines for achieving them. It helps to assess a project's direction and maturity.
What is Delegated Proof of Stake (DPoS) in cryptocurrencies?
Delegated Proof of Stake is a consensus algorithm in which coin holders vote to choose a limited number of trusted nodes that create blocks on behalf of the entire network.
