"Consensus Algorithms in Blockchain" speaks into the mechanisms that secure and validate transactions on blockchain networks. Understand various algorithms like Proof of Work and Proof of Stake, their differences, and their roles in maintaining blockchain integrity.

Understanding Blockchain Consensus Algorithms
Blockchain networks utilize various consensus algorithms, each offering unique benefits and drawbacks. Let's explore some of the most widely recognized consensus algorithms:
Proof of Work (PoW)
Proof of Stake (PoS)
Delegated Proof of Stake (DPoS)
Practical Byzantine Fault Tolerance (PBFT)
Proof of Authority (PoA)

These consensus algorithms illustrate the diversity of approaches in blockchain technology. Other algorithms like Proof of Elapsed Time (PoET), Proof of Burn (PoB), and Proof of Capacity (PoC) also exist, each with distinct advantages and disadvantages. The selection of a consensus algorithm depends on the specific needs and objectives of the blockchain network.

written by sankar srinivasan for the insightful investor.