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A blockchain is a technology that allows transactions to be processed and committed data to be shared among participants without a central server A consensus algorithm is a procedure through which all the peers of the blockchain network reach a common agreement about the present state of the distributed ledger. By implementing robust consensus mechanisms, blockchain networks can provide a reliable and transparent foundation for a wide range of applications, including supply chain management, financial services, healthcare, and more.
Hence we have presented a survey in which we delved into blockchain consensus algorithms and conducted a comparative analysis of all the consensus algorithms to provide information about each protocol’s advantages and drawbacks. This is possible only because of the presence of the consensus protocol which is a core part of any blockchain network Consensus protocols for tolerating byzantine faults have received renewed attention because they also address blockchain systems
This work discusses the process of assessing and gaining confidence in the resilience of a consensus protocols exposed to faults and adversarial nodes.
In this post, i will introduce a list of blockchain protocols that exist and explain their respective pros and cons from an economic perspective in 2025 Previous studies concentrated on surveying and/or proposing different blockchain consensus rules, on a specific consensus issue like attacks, randomization, or on deriving theoretical results. We first introduce the theoretical basis, models, and challenges of blockchain consensus protocols.
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