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Overview of major consensus algorithms and which Blockchains use them #95

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ChrisChinchilla opened this issue Nov 11, 2019 · 0 comments

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@ChrisChinchilla
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This article (or 2-part article) intends to give an overview of the major consensus algorithms, what uses them, why they use them and what benefits/problems they have.

First should open with a brief overview of consensus algorithms prior to Blockchain implemented ones, such as:

  • Paxos
  • Raft

Then let's cover some of the most common/popular Blockchain algorithms, and mention which Blockchain protocols use them. Feel free to add any missed:

  • Proof of work
  • Proof of stake
  • Proof of capacity
  • Proof of stake (incl. Delegated)
  • Directed Acyclic Graphs
  • Proof of Authority
  • Proof-of-Weight
  • (Practical) Byzantine Fault Tolerance
  • Hotstuff

Guidelines

  • We have a technical audience, you can go into details.
  • Use simple technical English and as little passive voice and future tense as possible.
  • Word count is not a definition of done, covering the topic outlined above is.
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