Crypto Consensus Methods: All You NEED To Know!! 🤝

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  • Опубліковано 23 лип 2024
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    ~~~~~
    📺Essential Videos📺
    Dogecoin History 👉 • Why DOGECOIN PUMPS!! S...
    Helium Explained 👉 • Helium: MINDBLOWING Io...
    Solana Analysis 👉 • Solana: Could SOL Hit ...
    Proof of Work vs. Proof of Stake 👉 • Proof of Work vs. Proo...
    Axie Infinity Ronin 👉 • Axie Infinity: AXS EXP...
    Stellar Update 👉 • Stellar XLM: Mass Adop...
    Arweave Potential 👉 • Arweave: Why It's SO E...
    Crypto Categories 👉 • Crypto Categories You ...
    ~~~~~
    ⛓️ 🔗 Useful Links 🔗 ⛓️
    ► Bitcoin Proof of Work: www.investopedia.com/terms/p/...
    ► Dogecoin Auxiliary Proof of Work: www.coinbureau.com/review/dog...
    ► Blockstack Proof of Transfer: docs.stacks.co/understand-sta...
    ► Helium Proof of Coverage: docs.helium.com/blockchain/pr...
    ► Original Proof of Stake: bitcointalk.org/index.php?top...
    ► Helium Proof of Stake: docs.helium.com/mine-hnt/vali...
    ► Solana Delegated Proof of Stake: docs.solana.com/cluster/synch...
    ► Algorand Pure Proof of Stake: developer.algorand.org/docs/g...
    ► Proof of Authority Explained: academy.binance.com/en/articl...
    ► Ronin Proof of Authority: whitepaper.axieinfinity.com/t...
    ► Theta “Delegated Proof of Authority”: docs.thetatoken.org/docs/what...
    ► Stellar Consensus Protocol: www.lumenauts.com/lessons/ste...
    ► Original Proof of Space: eprint.iacr.org/2013/796
    ► Chia Proof of Space And Time: www.chia.net/faq/
    ► Filecoin Proof of Replication, Proof of Spacetime: filecoin.io/blog/posts/what-s...
    ► Arweave Succinct Proofs of Random Access: www.arweave.org/technology
    ~~~~~
    - TIMESTAMPS -
    0:00 Intro
    1:38 Consensus Explained
    4:25 Proof of Work
    8:24 Proof of Stake
    13:03 Proof of Authority
    16:43 Proof of Space
    21:02 Outro
    ~~~~~
    📜 Disclaimer 📜
    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
    #Consensus #crypto #Blockchain #pow #pos #mining #staking

КОМЕНТАРІ • 227

  • @CoinBureau
    @CoinBureau  2 роки тому +43

    Hope you guys find this guide useful! Do you folks find these basic guides helpful? Let me know! Don't forget to follow me on my socials for all the content that you are missing here 👉 guy.coinbureau.com/socials/. My clips channel also has some behind the scenes bits and shorter content ua-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html

    • @MeanHoneyBadger
      @MeanHoneyBadger 2 роки тому

      Amazing job.

    • @YM-zf8mt
      @YM-zf8mt 2 роки тому

      as always awsome video
      the green reputation of PoW is ruined (although it is pretty good actually etc...) and PoS seem to be the way to go until we have a problem because of a whale lawl

    • @StavrosMarinosMaiden
      @StavrosMarinosMaiden 2 роки тому

      Great content as always, but you didn't mention YOUR favourite consensus algorithm!

    • @shella1109
      @shella1109 2 роки тому

      Someone's got a stuffy nose 👀

    • @vanessaob
      @vanessaob 2 роки тому

      Super helpful! I like to understand it but find the jargon hard to follow sometimes so these basic guides are perfect thank you 🙏

  • @100timezcooler
    @100timezcooler 2 роки тому +3

    as CS student learning blockchain dev for myself, i love the technical detail you get into in all of your vids. And the financial education (NOT ADVICE!!) is a good plus. ty.

  • @meluzmontenegro3365
    @meluzmontenegro3365 2 роки тому +6

    Thank you for providing so much clarity on this! Very useful to newbie like me 😅

  • @Appleloucious
    @Appleloucious 2 роки тому +1

    Dear Guy just lovely how you're ryhming the videos!
    One Love!
    Always forward, never ever backward!!

  • @krindikorna6049
    @krindikorna6049 2 роки тому +7

    Most impressive consensus I've come accross so far is Cerberus. Can run on pretty much anything (I've seen people run it on Raspberry Pi's) and can dynamically scale up or down to as many TPS as needed. The more nodes, the faster it gets, without any upper limits. Meaning as the network grows so does throughput in TPS.

  • @aizensosuke873
    @aizensosuke873 2 роки тому +1

    Great work Guy/Coin Bureau team. This is great content, I am saving this as a teaching tool... keep it up!

  • @bilai9281
    @bilai9281 2 роки тому +1

    Filecoin bag-holder comments of Chia's absence of use-cases. Very nice and unbiased!

  • @haviettien1914
    @haviettien1914 2 роки тому

    Amazing video. Thank you Guy

  • @anm7018
    @anm7018 2 роки тому +1

    Excellent!!! Thank You!

  • @bradgeorge2837
    @bradgeorge2837 2 роки тому +1

    Guy you and your team are a blessing from the sky. Thank you for all the awesome videos!

  • @Mauricio-vn6fl
    @Mauricio-vn6fl 2 роки тому +1

    Guy, as always great information. Thank you

  • @benjaminmiles492
    @benjaminmiles492 2 роки тому

    Great analogy and explanations. Very much enjoyed thank you c

  • @nothingbutretro
    @nothingbutretro 2 роки тому +3

    First time hearing chia!!! Woooooot! Thanks bro!

  • @Pensive_Impact
    @Pensive_Impact 2 роки тому +1

    Wow that was relatively easy to understand, after all this time of me trying to understand from a bunch of other people. Thanks a bunch!

  • @kirkuleez5353
    @kirkuleez5353 2 роки тому

    Excellent! Thank you for providing this. 👍👍👍

  • @Jon_Blake
    @Jon_Blake 2 роки тому +1

    Excellent breakdowns!

  • @addisonm4690
    @addisonm4690 2 роки тому +1

    Great overview for those getting started!

  • @jadday-3519
    @jadday-3519 2 роки тому +1

    Finally understood because of this excellent video thank you very much! 🤝

  • @VarietyAvenue89
    @VarietyAvenue89 Рік тому +1

    excellent content as always, well detailed, the like is well deserved

  • @Appleloucious
    @Appleloucious 2 роки тому +1

    Yeah many thanks again for these great ryhmes! : D

  • @tranhue4855
    @tranhue4855 2 роки тому

    Great content ! Thank you .

  • @jacksonror
    @jacksonror 2 роки тому

    I love your contents cos it keeps me up to speed with the trends, Its always amazing ride for I never have to be left behind. Thanks for all the good work, for it makes my portfolio Rock :)

  • @elijahdavidson1005
    @elijahdavidson1005 2 роки тому

    Great content as always

  • @marywitch6178
    @marywitch6178 2 роки тому

    great vidos. thank you for your efforts

  • @MrZepharus
    @MrZepharus 2 роки тому +5

    Thanks for this super useful guide! Would you be willing to do a video explaining the super technical way of how PoW and PoS work -- just to nerd out? Thanks!

  • @vad1mTrades
    @vad1mTrades 2 роки тому

    top, as always!

  • @cdjohn6395
    @cdjohn6395 2 роки тому

    Thanks for a brilliant and informative video 🙏

  • @khalidlund5406
    @khalidlund5406 2 роки тому +1

    Love you guy

  • @marioauner1747
    @marioauner1747 2 роки тому +3

    Brilliant video, I love how you don’t cut your video

  • @stevenzulauf4130
    @stevenzulauf4130 2 роки тому +1

    Hi Guy... going to join your site today 😊

  • @mikematlima
    @mikematlima 2 роки тому +13

    Great content as always Guy! Just one comment, it`s a consensus mechanism and not algorithm. Algorithm is a sequence of steps that is done by a computer or someone isolate, whereas mechanism is sequence of steps to be done my a collective of people(using computers or not, multiple nodes for instance). Difference explained by Vitalik when talking abt consensus.

  • @jamesa4958
    @jamesa4958 2 роки тому +1

    Thank you

  • @LocalBlac
    @LocalBlac 2 роки тому +4

    Dropping bars in the intro! Need to get you a record deal.

  • @marekpieczynski7721
    @marekpieczynski7721 2 роки тому

    Thanks mate

  • @MrVattugatan
    @MrVattugatan 2 роки тому

    Great video!

  • @archiemasibay4372
    @archiemasibay4372 2 роки тому

    Thank you so much

  • @krytan69
    @krytan69 2 роки тому

    Great work on another video, I always laugh when guys said "there are timestamps if you want to skip ahead" . in my head, "I am gonna watch WHOLE THING". 👍

  • @supastazz
    @supastazz 2 роки тому +1

    Bruh this is great !!!!

  • @TheJiminiflix
    @TheJiminiflix 2 роки тому

    Thanks Guy.

  • @user-nl5lu1dw5k
    @user-nl5lu1dw5k 2 роки тому

    Love how Guy brings up Helium as many times as possible. Helium rocks!

  • @banonkers
    @banonkers 2 роки тому

    If you or your team are ever in Brighton, please allow me to buy you guys a drink. You provide, IMO, the best most straight forward explanations on crypto. Many thanks. HNY to you all!

  • @adel8687
    @adel8687 2 роки тому

    Thanks 🙏

  • @Marc-td7nn
    @Marc-td7nn 2 роки тому

    Great vid. I would like to recommend in-depth look at Internet Computing ICP. Thanks

  • @GR_BackingTracks
    @GR_BackingTracks 2 роки тому

    My brainhead grasped a bunch of this. Thanks!
    This morning I've read the Audius white paper and listened to this dissertation. I think I'll rest up now...

  • @andrew3068
    @andrew3068 2 роки тому +2

    Best crypto channel

  • @vacayjet1
    @vacayjet1 2 роки тому +1

    for sure the smartest crypto youtuber !

  • @kingdom9440
    @kingdom9440 2 роки тому

    Hi Guy, thank you for the great content you provide in your channel.
    Are you polish or bearish on Litentry?

  • @Ryaninja
    @Ryaninja 2 роки тому +1

    Would a tokenomics assessment on KIN be possible plesae? Keep up the good work!

  • @ChitranjanBaghiofficial
    @ChitranjanBaghiofficial 2 роки тому +1

    Thank you for covering Algorand's pure proof of stake.

  • @calebmurphy3886
    @calebmurphy3886 2 роки тому +1

    Great explanation of Algo!

  • @miblish5168
    @miblish5168 2 роки тому

    This one is EXCEPTIONALLY good.

  • @eugenemoose2801
    @eugenemoose2801 2 роки тому

    Thank you Guy….

  • @xaralamposmoisiadis4933
    @xaralamposmoisiadis4933 2 роки тому

    Thanks

  • @pisethphon4071
    @pisethphon4071 2 роки тому

    Thank you for your content. I hope to see some update related to $icp coin.

  • @flo3467
    @flo3467 2 роки тому +1

    Get well soon, Guy. You sound sick.

  • @F0rGeting
    @F0rGeting 2 роки тому +1

    i'd love to see some more about chia

  • @arnold17
    @arnold17 2 роки тому

    We need a dedicated video on Daos Guy!! I think it’s going to be a big year for Daos and the people need to be educated to avoid bank runs, rug pulls and all that good stuff in search of sextuple digit APYs.

  • @thepickle5601
    @thepickle5601 2 роки тому +1

    As a Helium miner, thanks for the price bump this morning!....I mean great, informative content, lol half jk 😜HNT does has a few wrinkles to iron out(people spoofing hotspot locations), then it will fly!! If any smarter ppl have ideas to amend this, might be something to look into. Really interesting ideas floating around, hopefully a HIP proposal to vote on will come soon. Thanks for all the great content, and if you ever want to talk to a HNT miner...Cheers CoinB!✌

  • @joakimgustafsson7881
    @joakimgustafsson7881 2 роки тому

    The ASIC resistent Vertcoin could have a shoutout aswell as it provides a more decentralized solution and is mineable on most GPUs.

  • @markizano
    @markizano 2 роки тому

    Cards missing from the top right links? 😳
    Another solid video packed with all kinds of details!

  • @malikimadhabdeutsch9332
    @malikimadhabdeutsch9332 2 роки тому

    I find the ada pos really the best! Fair and balanced!

  • @e.stockburn4933
    @e.stockburn4933 2 роки тому +1

    Probably i will follow you next 10 years mate

  • @techjarus
    @techjarus 2 роки тому

    I am a new to cryptospace and i found your videoes are quite intresting to watch but i dont understand some terms and switch video to understand.. so is it possible to make playist where i can watch serially from a to z , i beleive you have covered all the topics required for beginners ...thank you for the contents..

  • @btc1668
    @btc1668 2 роки тому

    Great stuff! And it kinda sounds like anything other than POW is trash?

  • @GoonRenegade69
    @GoonRenegade69 2 роки тому +1

    Would love a vid on Dusk Network's Segregated Byzantine Agreement. With most consensus algorithms, I feel like I can see the tip of the iceberg, but with SBA I feel like I'm looking at a diagram for some kind of electrical components.

  • @smileypeterson8463
    @smileypeterson8463 2 роки тому +5

    Another great video. Maybe the next video one more deep dive into Vet and why such an amazing idea and multiple partnerships with large parties still don’t do much for the price of Vet?

  • @BMLevski
    @BMLevski 2 роки тому +2

    Hey Coin Bureau! Do you guys think of making an update video for Rarible and RARI?
    I'm surprised that nobody is talking about the recent vote, that concluded in stopping the RARI restribution every week for Rarible's users. That might be the catalyst for a moonshot, considering the low market cap in comparison to the huge platform that it is.

  • @zoubkr4983
    @zoubkr4983 2 роки тому

    Poor guy caught a cold but still killing it on the tube Cheers

  • @ObiWT
    @ObiWT 2 роки тому +1

    you didn't cover i.e. proof-of-view of Verasity project. Maybe you could make a video about it too. But this was a nice video as ever. Greetings from Slovakia ;-)

  • @cryptochromeone1363
    @cryptochromeone1363 2 роки тому

    I hope you start feeling well bro idk if you might have a cold

  • @JASONMARCUS
    @JASONMARCUS 2 роки тому

    More videos like this

  • @justinb6996
    @justinb6996 2 роки тому

    Maybe next vid, you can explain Saito consensus, the proof of transaction consensus which collects fees and distributes incentives to the network layer.

  • @sjoerdkielstra607
    @sjoerdkielstra607 2 роки тому

    Hi, could you please look at hft, vra and mtv coins?

  • @RR-mv1ge
    @RR-mv1ge 2 роки тому

    In PoW, is race for first place, then how come you earn partial btc/block rewards? Or these miner are getting tx fee instead?

  • @NaughtyJackal
    @NaughtyJackal 2 роки тому

    We definitely agree on the latest Matrix movie!

  • @henok
    @henok 2 роки тому

    2:13 yep!

  • @MAKIXCRYPTO
    @MAKIXCRYPTO 2 роки тому

    sure thing.

  • @canuckinsk
    @canuckinsk 2 роки тому

    This is by far the best and most covert bitcoin maximalist video ever.

  • @antonisprasinos_eth
    @antonisprasinos_eth 2 роки тому

    New videooooo 🥳🥳🥳🥳

  • @balintg
    @balintg 2 роки тому

    how could he upload such quality and fresh topic every day ?????

  • @purplerings1969
    @purplerings1969 2 роки тому

    Vitalik singled out Loopring for L2, any video update for LRC?

  • @anitasito1
    @anitasito1 2 роки тому

    Top picks for Q1 2022 please 🙏☺️

  • @HLinHD
    @HLinHD 2 роки тому

    Hashgraph is the coolest consensus algorithm. You should cover it guy!

  • @elijahdavidson1005
    @elijahdavidson1005 2 роки тому

    🔥🔥🚀

  • @dimitrix2010
    @dimitrix2010 2 роки тому

    Hi Guy, excellent video, thanks !
    Suggestion: could you please cover the recent article « Endgame » from Vitalik.
    I think it would be a valuable addition to CB collection!
    P. S do not miss the podcast with Bankless, very interesting interview, they talk about this article with Vitalik.

  • @midoabujenin
    @midoabujenin 2 роки тому

    No one can put it so simple as the crypto GUY

  • @stuartnorman8621
    @stuartnorman8621 2 роки тому

    Thoughts on Koinos proof of burn?

  • @jgee8163
    @jgee8163 2 роки тому

    Can you do a video on STMX?

  • @pranavgupta1055
    @pranavgupta1055 2 роки тому

    How about that bonus you spoke about at the beginning of this video?

  • @louisemives
    @louisemives 2 роки тому

    This is Lou
    Saying, How do you do!
    I love your show
    Just letting you know 🙏😄

  • @cryptoquest3344
    @cryptoquest3344 2 роки тому

    Hi Guys ! Can you do a Vidz about PBX

  • @Thombasito
    @Thombasito 2 роки тому

    Do a Tellor (TRB) explanation!

  • @SuperKanuuna
    @SuperKanuuna 2 роки тому +1

    Proof of Guy

  • @thomaszipf143
    @thomaszipf143 2 роки тому

    Any reason why you left out sia?

  • @hunt0072
    @hunt0072 2 роки тому

    Hi Guy
    Can you please make a video on Spell Token..

  • @georgethomas4804
    @georgethomas4804 2 роки тому +1

    How about the Fast Probabilistic Consensus?

  • @JonathanSebastian407
    @JonathanSebastian407 2 роки тому

    Low blow at 2:14 😂 agreed

  • @caleb7799
    @caleb7799 2 роки тому +4

    BRO! YOU DON'T HAVE TO MAKE A VIDEO EVERY DAY! TAKE A BREAK! ENJOY LIFE!

  • @vanessaob
    @vanessaob 2 роки тому

    Fab, thank you Guy, in plain English for people like me 🤣

  • @MickBenjamins
    @MickBenjamins 2 роки тому

    Missing DAG's in this overview. A deep dive into Iota would be great