CONSENSUS
Consensus in the Crypto world means agreeing or agreeing.
This is important because there is no central authority that regulates transactions.
So, consensus algorithms are used to reach agreement in the network.
For example, in Bitcoin, there is a “Proof of Work” where miners verify transactions by completing mathematical tasks.
With consensus, transactions can be verified and recorded securely. So, consensus ensures cryptocurrency transactions can be carried out safely and reliably.
