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Information and communication and chemical technologies
No. 1 (22) - 2024 / 2024-03-31 / Number of views: 115
CONSENSUS ALGORITHMS IN BLOCKCHAIN TECHNOLOGIES IN PYTHON - POS AND POW, POH.
Authors
Keywords
algorithms, blockchain, Proof of Stake (PoS), Proof of History (PoH), Proof of Work (PoW), Cryptocurrency
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.
