The classic and most common consensus mechanism is Proof of Work (PoW). In PoW, creation of a valid block requires a miner to demonstrate proof of work by offering the solution to a mathematical problem that is “hard” to compute but “easy” to verify. Generally speaking, the probability a given miner adds a new block to the blockchain is proportional to the amount of computational power to which he or she has access. Some oft-cited drawbacks of PoW are increasingly high physical resources, usage/cost, and decreasing user engagement, brought about by increasingly centralized hash power over time.
Advantages
Some noted advantages of PoW are :
● Resistance to DDoS attacks
○ Proof of Work imposes certain restrictions on the actions of the participants, because the task requires considerable effort. Effective attacks usually require immense computational resources, thus affording protection through economic
disincentivization.
● Low impact of coin holdings
○ As noted above, forming new blocks depends solely on computational resources, regardless of how much stake one holds. Therefore, holders of large amounts of coin are not directly afforded the right to make decisions for the entire network.
Point👉forming new blocks depends solely on computational resources, regardless of how much stake one holds.👌👌Sub back & cmnt here pls:- https://read.cash/@IrfanSagor/taken-from-the-life-of-an-expatriate-7fcb9ca0