Understanding Blockchain Consensus Mechanisms: PoW, PoS, and PoH
Published in
3 min readMay 3, 2024
The Essence of Blockchain
At its core, blockchain technology is a distributed ledger or a database spread across multiple nodes or locations. One of the primary challenges in such systems is ensuring data consistency — every node must record the same data. To achieve this consistency, a strategic process known as a consensus mechanism is…