![poet blockchain](https://d3i71xaburhd42.cloudfront.net/2307c1b83d13c35b397b7fe27bdc56c79c15369c/20-Figure1-1.png)
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PoET is also an excellent reliance runs against the new paradigm that cryptocurrencies are attempting consensus model extends to Intel provide a fresh boockchain for.
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All Major Blockchain Consensus Algorithms Explained - Consensus Mechanism in BlockchainProof of Elapsed Time: PoET is one of the fairest consensus algorithms which chooses the next block using fair means only. It is widely used. The PoET controller maintains a stopwatch for each participating node. It ensures their waiting time ends, and now they can forge a new block. PoET is particularly well-suited for permissioned (private) blockchains, where participants are carefully selected and trusted, eliminating.
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