Consensus

🤝Consensus is a way to come to an agreement.

⛓In blockchain networks which are decentralized systems and do not have a single governing body, various algorithms have been developed to achieve consensus.

In blockchain, it does not matter whether the participants of the system trust each other or not, they just have to agree on certain principles of operation that will concern everyone.

Certain operating principles are a direct function of the consensus mechanism.

🔢The consensus algorithm in the blockchain is a set of mathematical rules and functions that allow you to reach an agreement between all participants and ensure the operation of the network.

At the moment, there are several different methods of reaching consensus.

👇🏼What consensuses in blockchain networks do you know?

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