Consensus Protocols: Explaining Proof-of-Work, Proof-of-Stake, and Other Algorithms for Validation

In the realm of blockchain technology and cryptocurrencies, the concept of consensus plays a pivotal role in maintaining the integrity and security of distributed networks.

Consensus protocols are the backbone and are vital in blockchain and cryptocurrency systems. They enable transaction validation and ensure security and decentralization in distributed networks.

These protocols enable the realization of decentralized, trustless systems where intermediaries become obsolete.

In this article, we will delve into the world of consensus protocols, focusing on two fundamental algorithms: …

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