Most Common Blockchain Consensus Protocols

Proof Point

Proof-of-Work and Proof-of-Stake are the most common consensus protocols enabling trustless distributed ledgers

Most Common Blockchain Consensus Protocols

Proof Point Findings


  • Authentication Process – Participants, called miners, compete to authenticate transactions by solving complex mathematical problems
  • Rewards – Block reward or specific amount in transacted currency
  • Participation Requirements – Include significant computational power, software, and high amounts of energy
  • Selected Adopters – Include Bitcoin, Ethereum, Litecoin, Monero, Bitcoin Cash


  • Authentication Process – Participants, called validators, are designated to authenticate transactions, with chance of being assigned dependent on amount of coins they possess or stake
  • Rewards – Transaction fees and interest from stakes
  • Participation Requirements – Coins of transacted currency for staking
  • Selected Adopters – Include Dash, NEO, PIVX, OkCash, NAV Coin, Stratis, and DeviantCoin





Date Last Updated

July 19, 2018

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