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Proof-of-Stake for Blockchain Networks: Fundamentals, challenges and approaches
Hardcover
$145.00
By Cong T. Nguyen (Editor), Dinh Thai Hoang (Editor), Diep N. Nguyen (Editor), Eryk Dutkiewicz (Editor), Loi Luu (Editor), Robert Joyce (Editor)
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A consensus mechanism is the core component of a blockchain network, which ensures that every participant agrees on the state of the network in trustless environments. Until now, current blockchain networks have been using the proof-of-work (PoW) consensus mechanism, which has serious limitations such as huge energy consumption, low transaction processing capabilities, and centralization and scalability issues. To overcome these problems, a new consensus mechanism entitled proof-of-stake (P...