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There are a ton of different consensus algorithms or mechanisms for blockchain networks. Proof of Work and Proof of Stake are the two most famous ones but there’s also ones like Proof of Importance, Proof of Authority, Proof of Capacity, Proof of Burn, Proof of Activity, Proof of Existence, Proof of Weight, and more. They all offer something different in terms of decentralization, incentives, security, efficiency, throughput, and more! Watch this video to get a sense who what all is out there and which projects are utilizing each one!
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Are Algorithms For Blockchains Public, Proof of WHAAAT?! Overview of 13 different consensus algorithms for cryptocurrencies!.
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