Consensus Mechanism as City Council Meetings
To keep the city functioning smoothly, regular city council meetings are held where representatives from different districts (nodes) come together to make decisions. This is analogous to the consensus mechanism in a blockchain, where nodes agree on which transactions are valid and which blocks should be added to the chain.
• Proof of Work (PoW): This is like requiring builders to complete a complex architectural design (solving a mathematical puzzle) before their building permit is approved.
• Proof of Stake (PoS): Here, developers who have invested more in the city have a greater say in approving new projects, reflecting their stake in the community’s success.