Consensus Algorithms

Consensus algorithms are processes used in computer networks to achieve agreement among multiple participants, ensuring they all share the same version of data. This is crucial in environments like blockchain, where trust without a central authority is essential. These algorithms help validate transactions, prevent fraud, and maintain security. Common types include Proof of Work, which requires solving complex problems, and Proof of Stake, which selects validators based on their resources. By ensuring agreement among participants, consensus algorithms help create reliable, tamper-resistant systems.