How does Consensus Mechanism work in Blockchain?

According to Investopedia, A consensus mechanism is a fault-tolerant mechanismthat is used in computer and blockchain systems to achieve the necessary agreement on a single data value or a single state of the network among distributed processes or multi-agent systems.

Note – “Bits and coins” in not the owner of any of the following videos. Instead we have embedded YouTube links to this page.

1. Consensus Mechanism in blockchain

2. Proof of Work

3. Proof of Stake

4. Proof of Elapsed Time

5. Byzantine Fault Tolerance

6. Proof of Burn

Additional Learning materials

What is Consensus mechanism in cryptocurrencies?



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