Choosing Between Different Types of Blockchain Consensus Algorithms

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Choosing Blockchain Consensus Algorithm

The consensus algorithm determines decentralization, the security of transactions, and other important features. There are multiple factors that you should take into account when selecting the consensus protocol. These include:

Decentralization level
Validators
Distribution of rewards
Public/private blockchain
Energy consumption
Transaction speed
Specialized hardware
Blockchains
Projects

We compared 6 of the most popular consensus algorithms based on the most important parameters to help you make the right decision.

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Popular Types of Blockchain Consensus Algorithms

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