How does the blockchain reach consensus?

Consensus mechanisms are the backbone of blockchain technology, ensuring that transactions are verified and agreed upon by the network. This blog will introduce you to the fundamental concepts of consensus mechanisms, such as Proof of Work (PoW) and Proof of Stake (PoS), explaining how they maintain security and integrity in decentralised systems. Discover the various types of consensus algorithms and their unique benefits and challenges, helping you understand their crucial role in the blockchain ecosystem.

Continue Reading