Consensus mechanism

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The algorithm or protocol used to reach agreement among participants in a distributed network, determining how consensus is achieved and maintained.

Related Articles:
  • Glossary: Agent-centric consensus
    A consensus mechanism used in decentralized systems, where individual agents independently validate and agree upon the validity of transactions or actions, enabling a more scalable and energy-efficient approach to consensus.
  • Glossary: Proof of Stake
    A consensus mechanism in which participants’; influence or voting power is based on the number of cryptocurrency tokens they hold or “stake” in the network.
  • Glossary: Proof of Work
    A consensus mechanism in which participants must solve complex computational puzzles to validate transactions or changes in a blockchain network.
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