Question

What is a blockchain consensus engine?

Answer 1

A blockchain consensus engine is a mechanism used in blockchain technology to achieve agreement among network participants on the validity of transactions. It determines which transactions are added to the blockchain and in what order. Common consensus mechanisms include Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and more.

Answer 2

A blockchain consensus engine is a mechanism or protocol used in a blockchain network to achieve agreement among nodes on the validity of transactions added to the blockchain. It ensures that all participants in the network are in sync and have a consistent view of the blockchain ledger. Some common consensus algorithms used in blockchain networks include Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Byzantine Fault Tolerance (BFT). These algorithms determine how new blocks are added to the blockchain and how conflicts or discrepancies are resolved among network participants.