What is 'Centralized vs Decentralized' Consensus?
What is 'Centralized vs Decentralized' Consensus?
Approach: Compare authority-based agreement with peer-to-peer agreement.
Centralized consensus relies on a single leader or a fixed set of nodes (e.g., Raft, Paxos). Decentralized consensus (e.g., Proof of Work) allows any node to participate without a central authority.
Follow-up: Which is generally faster?
Key concepts: paxos, raft, blockchain, authority.