Blockchain Consensus
Blockchain consensus mechanisms are distributed protocols that enable a network of untrusted nodes to agree on the correct state of a ledger without a central authority. Introduced with Bitcoin in 2008, consensus mechanisms like Proof of Work and Proof of Stake ensure that modifications to the blockchain cannot be made unilaterally by any participant. Consensus mechanisms are fundamental to cryptocurrency and blockchain applications, making them resistant to tampering and censorship.
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- Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. Retrieved from https://bitcoin.org/bitcoin.pdf · URL
- Buterin, V. (2014). A next-generation smart contract and decentralized application platform. Ethereum White Paper. · URL
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