POW

Proof-of-Work, or PoW, is the original consensus algorithm in a Blockchain network. In Blockchain, this algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded.

POS

Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.

Hybrid

The objective of hybrid Proof of Work and Proof of Stake systems is to capture the benefits of the respective approaches and use them to balance each other’s weaknesses. Decred is among the few cryptocurrencies to utilize both PoW and PoS in recognizable forms and merge them together to produce a multi-factor or hybrid consensus mechanism.

Scrypt

Scrypt is a password-based key derivation function (KDF). In cryptography, a KDF is a hash function that derives one or more secret keys from a secret value such as a master key, a password, or a passphrase using a pseudorandom function. KDFs are generally efficient at preventing brute force password guessing attacks.

Sha256

A cryptographic hash is like a signature for a data set. ... SHA256 algorithm generates an almost-unique, fixed size 256-bit (32-byte) hash. Hash is so called a one way function. This makes it suitable for checking integrity of your data, challenge hash authentication, anti-tamper, digital signatures, blockchain.

X11

X11 is the name of the chained Proof-of-work (PoW) algorithm that was introduced in Dash (launched January 2014 as “Xcoin”). ... X11 is an algorithm for mining cryptocurrency which uses 11 different hash functions. X11 was well received by the mining community due to its energy-efficiency when mining with a home rig.

Node Hosting

Wallet

Mining