Cryptocurrency Q&A What consensus does Taraxa use?

What consensus does Taraxa use?

CryptoGladiatorGuard Tue Sep 03 2024 | 7 answers 1269

Could you please elaborate on the consensus mechanism employed by Taraxa? I'm particularly interested in understanding how it differs from other popular consensus algorithms in the cryptocurrency space, such as Proof of Work or Proof of Stake. Is it designed to address specific scalability or security concerns? Additionally, how does this consensus mechanism contribute to the overall performance and decentralization of the Taraxa network? What consensus does Taraxa use?

What consensus does Taraxa use?

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