Sybil resistance
Sybil resistance is a critical concept in the realm of cryptocurrency and blockchain technology, aimed at preventing malicious actors from creating multiple identities, or 'Sybil' nodes, to gain disproportionate influence or control over a network. This mechanism is essential in maintaining the integrity and security of decentralized systems, where trust is established without a central authority. Various strategies, such as proof-of-work, proof-of-stake, and identity verification, are employed to enhance Sybil resistance, ensuring that each participant's contribution is both legitimate and valuable.