Other proofs and what they mean?

In the previous topics, we have looked at Proof of Stake, Proof of Work and even the newer blockchain network type, Delegated Proof of Stake. However, there are several consensus mechanisms developed for cryptocurrency and blockchain building.

They are all variations and improvements of the PoW and PoS but they all want to make it easier to be a part of the networks. There is a lot to unpack. Here is a list of the other mechanisms used to create consensus.

1. Proof of Elapsed Time (PoET)
2. Proof of Authority (PoA)
3. Proof of Capacity
4. Proof of Activity
5. Proof of Burn
6. Byzantine Fault Tolerance

They all have different meanings and explanations, but the gist is the same. They are all created to make sure that decentralization is the backbone of any blockchain where they are deployed.