How does your blockchain network ensure that all its nodes are working together aligned and securely? How does it reach consensus and finality?
There are different categories of blockchains out there. Which one you select depends on where and how do you intend to use it i.e. basis your application. In the previous episode, I shared on various types of blockchains and mentioned that understanding these along with the various types of consensus protocols can serve as pointers towards your blockchain selection. So, here is the one on consensus.
Welcome to the Blockchain Hustle where I take a look at some interesting plays of how blockchain technology is opening up new business vistas across multiple industries.
TIME STAMPED SHOW NOTES:
[00.47] The problem statement – Byzantine generals problem
[02.29] Proof of Work
[04.52] Proof of Stake
[05.54] Takeaway and Summary
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