All Major Blockchain Consensus Algorithms Explained
<p>Blockchain technology has taken the world by storm, offering a decentralized and secure way to store and transfer information. It has also revolutionized the way transactions are carried out, and with it comes a wide range of consensus algorithms. Here, consensus algorithms play a critical role in ensuring the integrity of blockchain networks. In this article, we will explore all major types of <a href="https://medium.com/@learnwithwhiteboard_digest/beginners-guide-to-consensus-algorithms-in-blockchain-technology-34c2026b2b36" rel="noopener">blockchain consensus algorithms</a>, their meaning, advantages, disadvantages, and why they are essential in blockchain technology.</p>
<h2>TLDR; Don’t have time to read through? Here’s a video that can help.</h2>
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<h1>Blockchain Consensus Algorithms</h1>
<p>Consensus algorithms are a set of rules or protocols that enable nodes in a blockchain network to agree on a shared state of the network. They are used to ensure that all nodes in the network come to a consensus on the validity of transactions and the order in which they are added to the blockchain.</p>
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<p>A consensus algorithm is responsible for maintaining the integrity of the blockchain by ensuring that no single node or group of nodes can manipulate the network.</p>
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