Console is a device to see different information about the game. It can be toggled on/off with button F10.
Console in Editor Edit
In editor the console shows more information about the game. It shows all effects, errors, warnings and methods used in the map script. Script_Api gives Game.WriteToConsole("String text") method which lets you write a custom message to the console.
Console in Gameplay Edit
Console is not used much in gameplay. It shows such events as players rolling, ledgegrabbing and unequipping weapons.
In the future versions, the console will be more flexible and you can write more custom messages into it.
When some object is hit, the console shows a message "Error. Effect "Hit" could not be found."