What is use of consensus algorithms in blockchain technology


Assignment

Length: 1200 words.

What is the use of consensus algorithms in blockchain technology? (300 Words)

Define Practical Byzantine Fault Tolerance (150 Words).

Disadvantages of the following consensus algorithms.

1) Proof of-Work (POW)-150 Words

2) Leader based systems-150 Words

3) Practical Byzantine Fault Tolerance (PBFT)-150 Words

4) Proof - of-Burn (PoB)-150 Words

5) Proof - of-Activity (PoA)-150 Words

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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Computer Engineering: What is use of consensus algorithms in blockchain technology
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