which blockchain consensus algorithm aims to achieve
LectureNotes said, which blockchain consensus algorithm aims to achieve?
Answer: When it comes to blockchain technology, one of the key elements is the consensus algorithm, which determines how agreement is reached across all the nodes in a decentralized network. LectureNotes likely referred to the Proof of Stake (PoS) consensus algorithm, which aims to achieve distributed consensus through a mechanism where validators (holders of the cryptocurrency) are randomly chosen to create new blocks and validate transactions based on the number of coins they hold. PoS is designed to provide security and economic incentives for network participants while reducing the amount of computational power required compared to other algorithms like Proof of Work (PoW). Overall, PoS aims to create a more energy-efficient and scalable blockchain network.