user81901: I am familiar with the proof of work method and a little with the proof of stake method. Is there any more methods that are out there and how do they work?

user54581: A few others on top of my head, in addition to variations of PoS (DPoS, LPoS, etc)

Proof of Importance (PoI): kinda like PoS, but stake here is the total transaction amount (greater than some vested amount of coin)
Proof of Authority (PoA): transactions are validated by selected validators
Proof of Burn (PoB): please refer to this SE question: How does Proof of Burn work?


81901: <p>I am familiar with the proof of work method and a little with the proof of stake method. Is there any more methods that are out there and how do they work?</p>
 54581: <p>A few others on top of my head, in addition to variations of PoS (DPoS, LPoS, etc)</p>

<ul>
<li><a href="https://en.wikipedia.org/wiki/NEM_(cryptocurrency)#Proof-of-importance" rel="nofollow noreferrer">Proof of Importance (PoI)</a>: kinda like PoS, but stake here is the total transaction amount (greater than some vested amount of coin)</li>
<li><a href="https://en.wikipedia.org/wiki/Proof-of-authority" rel="nofollow noreferrer">Proof of Authority (PoA)</a>: transactions are validated by selected validators</li>
<li><a href="https://en.bitcoin.it/wiki/Proof_of_burn" rel="nofollow noreferrer">Proof of Burn (PoB)</a>: please refer to this SE question: <a href="https://bitcoin.stackexchange.com/questions/50525/how-does-proof-of-burn-work">How does Proof of Burn work?</a></li>
</ul>
