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Decentralised systems have been in the ‘limelight’ only recently, specifically blockchain. In the daily lives of people the understanding that something can be managed in a decentralised manner is a topic that has just begun.
A block is a collection of transactions that have happened during a certain amount of time that is added to the blockchain.
The Proof of Participation consensus equally distributes decision power and rewards amongst every node contributing to a blockchain’s operation. This approach removes the link between decision power and resources.
Similar to Proof of Work but instead of computing resources, Proof of Capacity leverages available disk space (storage).
Do you know the consensus mechanism whose reputation of a node is constructed based on its asset, transaction activity, and consensus participation?