Blockchain networks require consensus mechanisms to validate transactions and prevent doublespending from "summary" of Blockchain Technology Explained by Alan T. Norman
In order for blockchain networks to function effectively, they must have a way to ensure that transactions are valid and prevent the issue of double-spending. This is where consensus mechanisms come into play. Consensus mechanisms are protocols that help to validate transactions and achieve agreement among participants in the network. By requiring consensus, blockchain networks are able to confirm the legitimacy of transactions before they are added to the blockchain. This helps to prevent fraudulent activity and ensures that the information stored on the blockchain is accurate and reliable. Consensus mechanisms help to maintain the integrity of the blockchain by making it difficult for malicious actors to manipulate the system....
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