Consensus algorithms are what make the blockchain network so secure and decentralized. A consensus algorithm is a mechanism used to achieve agreement on a single data value among distributed systems.
Decentralised systems have been in the ‘limelight’ only recently, specifically blockchain. In the daily lives of people the understanding that something can be managed in a decentralised manner is a topic that has just begun.
Uses public and private keys to encrypt and decrypt data, the keys are simply large numbers that have been paired together but are not identical (asymmetric). One key in the pair can be shared with everyone; it is called the public key. The other key in the pair is kept secret; it is called the …