Hola folks! Web 3.0, the huge tech evolutionary leap, is taking the world by storm with tremendous opportunities in the blockchain domain. Web3 has become a buzzword that incorporates concepts such as blockchain technologies, NFTs, metaverse, Dapps, Defi, etc. Blockchain has replaced third-party trust with decentralized ledgers which is a new iteration of the World Wide Web🔥

What is the secret behind this prospering tech?  What is the foundation protocol that enables this evolution of blockchain networks, decentralized apps, or cryptos to maintain their state? The root of decentralized peer-to-peer networks lies in one patent working mechanism called the Consensus mechanism✅

We hear about the most popular consensus mechanisms, proof of work (PoW) and proof of stake (PoS), but what purpose do they serve? Also, what are the other less-know but yet important consensus mechanisms? 🤔

Click on the link below to understand more about the consensus mechanisms and follow our blog to receive more freshly brewed updates on Web3🚀