How do the various blockchain consensus mechanisms work?

zakman

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#1
Hey folks,
I need your advice. How do the various blockchain consensus mechanisms work?
 

Swartz

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Jul 26, 2018
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#2
Although more casual, less-technical crypto-enthusiasts might not know much on this topic, an essential aspect of any cryptocurrency project is the consensus algorithm that it utilizes. These algorithms accomplish two major objectives. Firstly, it ensures that the next block in a blockchain is the true, master-version of the details. Secondly, it makes sure that those looking to take advantage of the system and fork the chain are stopped. Either way, the point is that consensus algorithms are the way that cryptocurrencies ensure that their digital tokens aren’t victim to double spending.
 

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