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In the field of computer science , to solve the consensus problems there are several proposed protocols which are termed as consensus algorithms . Consensus Algorithms are mechanisms  used to achieve agreement on a single data value over distributed systems.  To know more about consensus algorithms ,read this blog : Blockchain Consensus Algorithms  Now , let us have look at the different types of consensus algorithms derived so for in blockchain and cryptocurrency world . The following are the various consensus algorithms in blockchain technology : 1.Proof-of-Work 2.Proof-of-Stake 3.Delegated Proof-of-Stake 4.Leased Proof-Of-Stake 5.Proof of Elapsed Time 6.Practical Byzantine Fault Tolerance 7.Simplified Byzantine Fault Tolerance 8.Delegated Byzantine Fault Tolerance 9.Directed Acyclic Graphs 10.Proof-of-Activity 11.Proof-of-Importance 12.Proof-of-Capacity 13.Proof-of-Burn 14.Proof-of-Weight Proof-Of-Work ( PoW )  A Proof-of-Work is a me...

We Bitdeal , Leading Blockchain Development Company can help you in building a blockchain with best Consensus Algorithm that suits for your business services . Our Blokchain experts often undergoes R & D process and always finds the best algorithms out of choices to develop a blockchain . Here in this article we are gonna look at the concept of Consensus Algorithms which tends to be the soul of blockchain technology .  What is Consensus Algorithms ? In the field of computer science , to solve the consensus problems there are several proposed protocols which are termed as consensus algorithms . Consensus Algorithms are mechanisms  used to achieve agreement on a single data value over distributed systems .  In Simple Words , Consensus algorithm is a process of decision making within a group of individuals . Here all the individuals support for the decision that benefits most of the individuals .Consensus algorithms donot supports for majority of voting , bu...