Algorand Consensus Protocol

The Algorand Consensus Protocol is a system that ensures all participants in the network agree on which transactions are valid, maintaining trust and security without a central authority. It uses cryptographic techniques to randomly select certain users, called committees, to propose and verify new blocks of transactions. This selection is fast, fair, and secure, making the network scalable and resistant to manipulation. In essence, Algorand's protocol creates a transparent, reliable way for a decentralized group to reach consensus efficiently and securely.