The Concept of Proof-of-Reputation
Proof-of-Stake (PoS) and Proof-of-Work (PoW) are the two consensus mechanisms used in blockchain systems to verify new transactions, add them to the chain, and create new tokens. But there are more consensus mechanisms in blockchain that you should know about. One of the most up-to-date solutions is Proof-of-Reputation. Let’s explore the ABCs of this reputation-based consensus model.