Name the three major sybil resistance mechanisms employed in security of Blockchain

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Name the three major sybil resistance mechanisms employed in security of Blockchain?

Blockchain Question

Asked On2022-06-12 18:49:39 by:Mohit-Jain

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The three major sybil resistance mechanisms employed:

Proof of Work (PoW)
Proof of Stake (PoS)
To a lesser extent, Proof of Authority (PoA).

They all typically aim to achieve security by:

i. Encouraging participants to come to consensus (agreement) on the state of the blockchain through a competitive process

ii. Rewarding some or all participants for coming to agreement

iii. Punishing participants that make efforts to stall the network from reaching agreement or for more directly trying to subvert it

Answerd on:2022-06-13 Answerd By:Mohit-Jain

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Proof of Work (PoW)
Proof of Stake (PoS)
To a lesser extent, Proof of Authority (PoA).These are the three major sybil resistance mechanisms employed

Answerd on:2022-06-13 Answerd By:AnuroopT11

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Name the three major sybil resistance mechanisms employed in security of Blockchain?

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