Which cryptocurrencies utilize proof of storage as part of their consensus mechanism?

1 answers

• Apr 26, 2022 · 3 years ago
  Yes, proof of storage is a consensus mechanism employed by various cryptocurrencies. Filecoin, Storj, and Burstcoin are examples of cryptocurrencies that utilize proof of storage. In these networks, participants contribute their storage space to store and validate data, which helps maintain the network's security and integrity. Proof of storage ensures that participants are actively contributing to the network by storing data and prevents malicious actors from manipulating the system. This consensus mechanism is an effective way to leverage unused storage capacity and create a decentralized network that is resistant to attacks.
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