Consensus Mechanisms

Daniel Hellwig (), Goran Karlic () and Arnd Huchzermeier ()
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Daniel Hellwig: Kepler Cannon
Goran Karlic: Kepler Cannon
Arnd Huchzermeier: WHU - Otto Beisheim School of Management

Chapter Chapter 3 in Build Your Own Blockchain, 2020, pp 53-74 from Springer

Abstract: Abstract OfConsensus mechanism one blockchain’sBlockchain most prized features is the consistency, hence security, it provides to the stored data. Consistency is achieved through consensus mechanismsConsensus mechanism, the most common of which is Bitcoin’sBitcoin Proof of WorkProof of work (PoW) mechanism.

Date: 2020
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DOI: 10.1007/978-3-030-40142-9_3

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