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Learn Bitcoin and Blockchain

You're reading from  Learn Bitcoin and Blockchain

Product type Book
Published in Aug 2018
Publisher
ISBN-13 9781789536133
Pages 94 pages
Edition 1st Edition
Languages
Concepts
Author (1):
Kirankalyan Kulkarni Kirankalyan Kulkarni
Profile icon Kirankalyan Kulkarni

Introduction to consensus protocols

A consensus algorithm is a process implemented in distributed processes or systems to achieve agreement on some particular data. The blockchain consensus algorithm keeps the ledger transactions synchronized across the network to ensure that ledgers are only updated when the appropriate participating board approves transactions and, when ledgers are updated, they are updated with the same transactions in the same order. This process is called a consensus, and the protocol program that keeps this running is the consensus algorithm. That is why a consensus is considered to be the running engine or heart of blockchain.

So, consensus primarily establishes a strong technology infrastructure layer for the blockchain, which makes it the most critical part. It ensures that every next block that gets added to the blockchain is the one and only true version...

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