Consensus mechanism

The algorithm[1] or protocol[2] used to reach agreement among participants in a distributed network, determining how consensus[3] is achieved and maintained.

Defined Terms
1. algorithm.

Step-by-step instructions or procedures followed by a computer to solve a specific problem or perform a particular task.

2. protocol.

A set of rules that dictate how components will communicate with each other to navigate across network boundaries in a component-based system.

3. consensus.

The process of achieving agreement among participants in a distributed network on the validity of transactions or actions.

Scroll to Top
Verified by MonsterInsights