3 Types of Consensus in Bitcoin

[emma.lee1890]

Maybe the principles of money are known to economics students, but it is easy to check that the general population knows very little about the concept of money. Given how important money is in everyone's life, this lack of knowledge is really symptomatic. So much so that one has to ask oneself if this is done deliberately to keep the masses ignorant of one of the most important aspects in their lives.
3 types of consensus that any cryptocurrency functioning as money has to have:

consensus about rules
consensus about history
consensus about value

[samanti]

I  think  but  of  function  on a global  scale  a  public  ledger  needs efficient  security. And  the  security  is because  of  the  consensus algorithm.In this  blog  post  we  are  going  to  discuss what  is  consensus algorithm  various types  of  consensus mechanisms.

[bhm45]

This seems really interesting and appealing fact. It gives us the fact that bitcoin has retained consensus for the smooth running of this coin. This is only possible when most of the people related with bitcoin are honest. This also proves that bitcoin is reliable.

[Jereh]

Proof of work consensus algorithm.
Random proof of work consensus algorithm.
Byzantine consensus algorithm etc

[reshat]

Not quite. Like a box of chocolates, consensus mechanisms come in a number of forms and won’t bring about the same result for every palate, or blockchain network, where they are used.