Reason to Found Blockchain Consensus Algorithm 

The consensus mean What? Let we explain, the word consensus denotes to unity and it refers to the collective opinion taken from the group of people and implemented by verifying whether it shows benefits or not.

You may all have doubts, How does blockchain consensus algorithm is being the major part of Blockchain. Now let we see how does consensus algorithm get more useful in blockchain technology. Already we have discussed more about blockchain technology, so we can directly enter into the topic

Topics we gonna cover in this blog is;

What is consensus network?

Why we need consensus Algorithm for Blockchain

Types of Consensus Algorithm

Let's get into the blog,

What is consensus network?

Consensus network is the decision-making process, in simple words, it is the discussion committee with a group of people. This discussion takes place for the project benefits. The entire group people can share their thoughts and the network picks up the best decision which should favor for all of them.

This network rules based on, if the decision does’nt gave benefits but comes from majority votes means the choice won't implement. If a single one shares the best thoughts, it will surely be placed and implement into the network.

This theory has built to create a successful network system. That’s why blockchain consensus algorithm methods had implemented to run a fairness online world. This system used for an agreement process of consensus theorem. Read More