How do Blockchain consensus algorithms work?

The question is about blockchain
Answer:

This set of algorithms provides the network participants with a common view of the state of the Blockchain. In business, the common algorithms are the Proof of Work algorithm, which applies complex mathematical problems to be solved by miners in order to validate a series of transactions. Proof of Stake selects validators of the next block according to the number of tokens held. The algorithms help to get around double-spending and keep the Blockchain tamper-proof and secure.

hero image

Hire remote Blockchain developers

Developers who got their wings at:
Testimonials
star star star star star
Gotta drop in here for some Kudos. I’m 2 weeks into working with a super legit dev on a critical project, and he’s meeting every expectation so far 👏
avatar
Francis Harrington
Founder at ProCloud Consulting, US
star star star star star
I recommend Lemon to anyone looking for top-quality engineering talent. We previously worked with TopTal and many others, but Lemon gives us consistently incredible candidates.
avatar
Allie Fleder
Co-Founder & COO at SimplyWise, US
star star star star star
I've worked with some incredible devs in my career, but the experience I am having with my dev through Lemon.io is so 🔥. I feel invincible as a founder. So thankful to you and the team!
avatar
Michele Serro
Founder of Doorsteps.co.uk, UK