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&nbsp;<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&rsquo;t have time to read through? Here&rsquo;s a video that can help.</h2> <p><iframe frameborder="0" height="480" scrolling="no" src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FsXP-8pD7PG4%3Ffeature%3Doembed&amp;display_name=YouTube&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DsXP-8pD7PG4&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FsXP-8pD7PG4%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube" title="All Major Blockchain Consensus Algorithms Explained | Consensus Mechanism in Blockchain" width="854"></iframe></p> <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> <blockquote> <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> </blockquote> <p><a href="https://medium.com/@learnwithwhiteboard_digest/all-major-blockchain-consensus-algorithms-explained-6934b4f5d47a"><strong>Read More</strong></a></p>