What is the InterPlanetary File System (IPFS) and how is it used in Web3?
The two most commonly used consensus algorithms are Proof of Work and Proof of Stake. You can expect such blockchain interview questions to prove your fluency in web3 fundamentals.
Proof of Work consensus involves the computation of mathematical puzzles, and miners compete with each other to find solutions faster than others. The miners who solve the puzzles successfully before others would receive the rewards. On the other hand, Proof of Stake consensus relies on users staking their digital assets in the blockchain network. Users with the highest stakes are more likely to get the chance to exercise their vote in the consensus process.
