Session
Blockchain Consensus Algorithms
The session will be about explaining the most popular blockchain consensus algorithms, with a particular focus on their differences and their uses.
Consensus Algorithms determine the level of decentralization of a blockchain and has several implications in terms of energy use, community involvement and general acceptance.
Target Audience
1. Blockchain enthusiasts
2. Blockchain programmers (Ethereum, Bitcoin, PoA, etc.)
3. People who want to start learning about Blockchain and know the real differences between blockchains
Objectives
1. Introduction of basic concepts of Blockchain
2. Focus on the different mechanisms that govern how Blockchains work (consensus algorithms)
3. Impact of these consensus mechanisms on blockchains - popularity, security, adoption, mining, mining pools, etc.
4. Push the idea of real decentralization and dispel the myths about 'false' decentralization
Topic
1. The main topic will be introducing and differentiating about the different consensus algorithms, including Proof of Work, Proof of Stake, Proof of Authority
2. Blockchain does not mean decentralization - decentralization is determined by its consensus algorithms
Takeaways
1. Understanding blockchain
2. Understanding the way blockchains work - the essence of blockchains
3. Understanding why blockchains are such a big deal
4. Understanding decentralization via consensus mechanisms
Suyash Sumaroo
Serial Blockchain Entrepreneur
Quatre Bornes, Mauritius
Links
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