Proof Of Capacity Consensus Algorithm Training Ppt
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These slides cover the proof of capacity consensus mechanism in blockchain technology in which mining rights are decided based on available hard-drive device space with miners. It also contains the PPT slides on the PoC algorithm working along with its pros and cons.
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Content of this Powerpoint Presentation
Slide 1
This slide illustrates the concept of the PoC consensus algorithm used in the blockchain. It also includes details of multiple Proof of Capacity coins such as Storj, BitcoinHD, and Signum.
Slide 2
This slide depicts the implementation process (plotting, nonces creation, and mining) of the Proof of Capacity algorithm to achieve the consensus in the blockchain. It also includes details pertaining to the Shabal hash, scoop number, and deadline used in PoC.
Slide 3
This slide lists down the advantages and disadvantages of the PoC consensus algorithm. The primary benefit of using Proof of Capacity is its high energy efficiency, and the major limitation is its vulnerability to mining malware attacks.
Proof Of Capacity Consensus Algorithm Training Ppt with all 19 slides:
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