Blockchain Consensus Explained

Blockchain Consensus Explained

Welcome to this blockchain educational video by Bitcoin for Beginners. In this episode you will learn about the various types of consensus algorithms and mechanisms.

A consensus algorithm / mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to reach agreement on transactions, new blocks being added data or a single state of the network among distributed processes. Proof of Work and Proof of Stake are types of consensus mechanisms.

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