'Consensus Protocol in Blockchain' blockchain tatum_io
is inevitable, the blockchain consensus protocol designed from a decentralized network enables various nodes to communicate by validating data through a hashing algorithm to prevent a malicious attack such as double-spending. This consensus protocol is the backbone of the native cryptocurrency network.
In Blockchain technology ledgers are widely distributed through a decentralized medium of communication that must be secured to avoid disruption in the cryptocurrency ecosystem. All cryptocurrencies, however, rely fully on the Proof-of-work and Proof-of-stake consensus for their security and integrity.This consensus protocol involves the use of hash functions in validating transactions from a set of nodes until a random number of trailing zeros is generated and distributed effectively.
Part of the cryptocurrency is used to stake by the validators, the more the stake the higher the chances of proof of stake. Ethereum falls into this consensus category as it improves performance and reduces cost. Although this method is plausible it doesn't erase the issue of double-spending. There is no reward for native currency and can be issued as a distribution mechanism.
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