CONSENSUS ALGORITHMS IN BLOCKCHAIN TECHNOLOGIES IN PYTHON - POS AND POW, POH.

2024

Full text Open access: Hybrid Metadata (CSL-JSON)
DOI 10.58805/kazutb.v.1.22-252
Data confidence 70 medium
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Abstract

Since the advent of Blockchain, the computer database has undergone continuous evolu-tion, integrating cutting-edge technologies. As emerging technologies gain traction, Blockchain experiences increased adoption. Across various Blockchain technologies, a shared algo-rithm governs their operations. The consensus algorithm plays a pivotal role in ensuring mutual agreements and storing information within the decentralized network database. While Blockchain faces challenges related to scalability, employing the right consensus al-gorithm for specific tasks can enhance efficiency in data storage, transaction finality, and data integrity.