Each blockchain can have a different consensus

[muniyaakter]

Technically, each transaction can have one or more inputs and outputs. In this way, transactions are linked so that a proper record of expenses made can be kept in the blockchain.

Consent
The last important part of blockchain architecture is consensus . It is the method by which a transaction is validated.
method attached to it. For example, Bitcoin uses Proof-of-Work (PoW), while for example Cardano (another cryptocurrency) uses Proof-of-Stake

Later we will see better what are. But let's proceed step by step.

Consensus algorithms provide a set of rules, which must albania business email list be followed by everyone in the network. Also, to enforce a consensus method, nodes must participate. Without the participation of nodes, the consensus method cannot be implemented.

This also means that the more nodes join to participate in the consensus method , the stronger the network becomes.

Bitcoin has a large network and offers a great incentive to become a miner.

What are we talking about? We have already mentioned it a few paragraphs above: we are talking about mining . From English we can simply translate it as “digging”, or better “extracting”. This expression perfectly explains how mining works, which consists in the creation of virtual coins through expensive computer work.

This work uses the computing power of computers inside the blockchain . The miner is the one who takes care of producing the calculations we were talking about before and then making a transaction.