In the world of blockchain and cryptocurrencies, consensus algorithms play a pivotal role. They ensure that all nodes in a decentralized network agree on the current state of the blockchain, even without a central authority. Understanding these algorithms is essential for grasping how blockchains maintain security, reliability, and trustworthiness.What is a Consensus Algorithm?At its core, a consensus algorithm is a method that allows distributed systems (like blockchain networks) to agree on...

In the world of blockchain and cryptocurrencies, consensus algorithms play a pivotal role. They ensure that all nodes in a decentralized network agree on the current state of the blockchain, even without a central authority. Understanding these algorithms is essential for grasping how blockchains maintain security, reliability, and trustworthiness.What is a Consensus Algorithm?At its core, a consensus algorithm is a method that allows distributed systems (like blockchain networks) to agree on...