What is Proof of Service in cryptocurrencies?
Proof of Service is a mechanism in which nodes perform useful functions for the network and receive a reward for this, provided they hold a fixed collateral of coins.
What is Proof-of-Storage in cryptocurrencies?
Proof-of-Storage is a mechanism in which participants provide disk space for shared data, and the network confirms that the files are indeed reliably stored.
What is Proof of Importance (PoI) in cryptocurrencies?
Proof of Importance is a consensus algorithm that takes into account not only the size of the balance but also a participant's activity in the network when distributing the right to create blocks.
What is Proof of Capacity (PoC) in cryptocurrencies?
Proof of Capacity is a consensus algorithm in which miners use free space on storage drives instead of energy-intensive computations, which makes mining coins cheaper and more environmentally friendly.
What is Proof-of-Burn (PoB) in cryptocurrencies?
Proof-of-Burn is a consensus algorithm in which a participant irreversibly destroys a portion of coins in order to earn the right to create blocks and claim a reward in the network.









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