Consensus Mechanisms Analysis: A Remedy for the Byzantine Generals Problem
Suvarna Sharma, Ochin Sharma, Jatin Arora · 2023
A The foundational technology behind bitcoin is blockchain. Blockchain is gaining more and more attention across numerous industries as a result of the growth in value and reliable functioning of bitcoin. Blockchain has the qualities of decentralization, consistency, security, and immutability. This might lead to changes in the network architecture. The blockchain's efficiency and safety are maintained in large part by the consensus algorithm. The performance of a blockchain application may be significantly improved by the use of the prop-er algorithm. The principles and traits of the consensus algorithms, as well as the functionality and use of a variety of consensus mechanisms, are discussed in this article. In addition, we provided an overview of current and potential future developments in blockchain technology as well as technical advice on choosing an appropriate consensus method.