A Consensus mechanism can be defined as a process where all the nodes abide by the same rules or protocols. These consensus mechanisms are very important for a blockchain network to function properly.
12 Jun 2020 3 minute read 3 comments Ruma
The Blockchain industry is continuously progressing since its inception. The consensus mechanism is the core of a decentralized ecosystem that helps it to achieve consensus in the network. Till now, many consensus methods have been invented and imple...
12 May 2020 4 minute read 4 comments Ruma
In my previous article, I have covered one of the most famous consensus mechanism i.e Proof of Work. But like any technology, that protocol also has a certain drawback, and to overcome these issues another protocol has been developed i.e Proof Of Sta...
9 May 2020 5 minute read 0 comments Ruma
The BlockChain network consists of a series of nodes that form a distributed architecture. These nodes need to be aligned and run synchronously to maintain security in the network. Thus the concept of Consensus is devised to maintain harmony in the b...
9 May 2020 4 minute read 5 comments Ruma
A proof-of-work (PoW) system (or protocol, or function) is a consensus mechanism that was first invented by Cynthia Dwork and Moni Naor as presented in a 1993 journal article. In 1999, it was officially adopted in a paper by Markus Jakobsson and Ari...
