Consensus Protocol in Blockchain

Hacker Noon June 28, 2022
Chinaza Ogechukwu

In recent times where Cryptography interference with blockchain is inevitable, the blockchain consensus protocol designed from a decentralized network enables various nodes to communicate by validating data through a hashing algorithm to prevent a malicious attack such as double-spending. This consensus protocol is the backbone of the native cryptocurrency network.

A consensus protocol in blockchain, therefore, requires an agreement of a trusted node in the peer-to-peer network. Transactions that occur on the blockchain are reliable and all networks agree on a consensual algorithm of the blocks. The protocol controls all the activities of the network making blockchain a secured technology in cryptocurrency.

In the year 2008, a cryptocurrency software called Bitcoin was introduced by Satoshi Nakamoto where he explained the...

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