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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