Every first Saturday of each month we share an infographic about blockchain and/or correlated technologies.
This month infographic is: Proof of Authority vs Proof of Participation
About this infographic: Like Proof of Authority, Proof of Participation takes advantage of a federated consensus algorithm. However, unlike Proof of Authority, the process of joining the federation is fully decentralized, permissionless, and fair.
The Proof of Participation consensus equally distributes decision power and rewards amongst every node contributing to a blockchain’s operation. This approach removes the link between decision power and resources, leads to better decentralization and fair rewards distributions.