Consensus algorithms and mining

Consensus algorithms are about how a set of decentralised users maintain a common state or a log. In a typical permission-less setting, the mining process causes a huge waste of real resources like electricity. An interesting question is whether the consensus or the trust among users in a decentralised environment can be achieved without the overconsumption of resources. We have a specific proposal for this — Work your Stake. We want to study this and other solutions.