In simple terms, an algorithm is a set of instructions a computer can process. An algorithm takes an input, usually in the form of data, and then modifies, changes, or interprets this data to issue an output. Algorithms are central to the functioning of blockchains (and consequently cryptocurrencies) and are responsible for the issuing of currency and the updating of transaction ledgers. Blockchains rely on “consensus algorithms”, of which “Proof of Work” and “Proof of Stake” are the most common. These algorithms are used for hashing, signing, verification, and mining. Blockchains reward users willing to dedicate the hardware resources necessary to run consensus algorithms and thus ensure the ongoing functionality of blockchains, cryptocurrencies, and associated digital assets. Q: What is Algorithm A: is a set of instructions a computer can process Knowledge provider：0xeddb693aaba0076ee0de3c822ae56d5c760e89b3 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more. link: https://t.me/knowtoearn The content of Know to earn knowledge base is provided by users. If there is any infringement, please contact us to delete it as soon as…