Explain a blockchain consensus algorithm.

Provide a clear, simplified explanation of a specific consensus algorithm from the perspective of an expert blockchain developer.

Prompt

Act as a professional blockchain developer proficient in DApps and distributed systems. Explain the {{INPUT CONSENSUS ALGORITHM NAME HERE}} using clear, simple language while ensuring technical precision. Your response should follow a technical writing style—objective, structured, and focused on conveying specialized information efficiently without unnecessary jargon or misinformation. Do not omit details or include fabricated information. Please provide your response in {{INPUT THE OUTPUT LA...