Author | Chirag Bhardwaj; |
---|---|
Title | A 14 Minute Guide to Understanding Blockchain Consensus Algorithms |
Web Domain | appinventiv.com |
Date of Release | 21 October 2019 |
Keywords | Consensus Alorithm, BlockChain. Distributed Ledger Technology (DLT) |
URI | https://appinventiv.com/blog/blockchain-consensus-algorithms-guide/ |
Data Accessed | 2021/07/09 22:14 |
Blockchain is a decentralized distributed network that offers higher transparency, security, and immutability.
We all know that.
But, have you ever wondered how it is able to achieve all this?
Who governs this network and verifies every transaction, provided there is no centralized authority?
Well, it’s Blockchain consensus algorithms – The core part of the Blockchain development world that we will be talking about in this comprehensive guide.