How does the consensus mechanism of Avalanche (AVAX) differ from other cryptocurrencies?

1 answers

• Apr 11, 2022 · 3 years ago
  The consensus mechanism of Avalanche (AVAX) is quite different from other cryptocurrencies. Avalanche uses a consensus protocol called Avalanche consensus, which is designed to achieve high throughput, low latency, and scalability. Unlike traditional proof-of-work or proof-of-stake mechanisms, Avalanche consensus relies on a randomized voting process to reach consensus. This allows for fast and efficient consensus, even in the presence of malicious actors. Additionally, Avalanche introduces the concept of subnets, which are custom blockchains that can have their own consensus rules. These subnets can interoperate with each other and with the main Avalanche network, providing flexibility and interoperability. Overall, Avalanche's consensus mechanism offers a fresh approach to achieving consensus in the world of cryptocurrencies.
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