FinTechIntro / FinTechIntro/2024-Spring-Final
Blockchain architecture comparison
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Description
## Summary
> Please give a short summary of this research topic.
Various blockchain systems adopt distinct architectures, including different consensus mechanisms such as Proof of Work (PoW), Proof of Stake (PoS), and more. For this topic, we anticipate your research to cover at least three blockchain ecosystems and their technical implementations, and make a comparative analysis among them.
## Description
> Please provide a detailed description to the topic.
In the Bitcoin blockchain network, the Proof of Work (PoW) consensus mechanism is employed, relying on computational power to validate transactions and secure the network. On the other hand, Ethereum transitioned from PoW to Proof of Stake (PoS) after "The Merge," a significant upgrade for improving scalability, security, and energy efficiency. Solana, however, adopts a different architecture.
Researching these topics to understand each consensus mechanism, their impact on network security, scalability, energy consumption, and transaction throughput. Comparing these architectures would involve analyzing their respective strengths and weaknesses in terms of decentralization, efficiency, security, and suitability for various use cases.
## Source
> Please provide related resource for the topics, including articles, research papers and more.
[60 Days of Solana](https://www.rareskills.io/solana-tutorial)
[Bitcoin Book](https://github.com/bitcoinbook/bitcoinbook)
[Ethereum Book](https://github.com/ethereumbook/ethereumbook)
## Others
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