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Distributed Consensus

Collective agreement reached among nodes in a network.What Is Distributed Consensus?Distributed consensus is necessary for the functioning of a network or machine in a decentralized manner. Consensus is easy to agree between, say, two parties…

Consensus Mechanism

A consensus mechanism is an underlying technology behind the main functionalities of all blockchain technology, which makes them an essential operating feature of all cryptocurrencies. What Is a Consensus Mechanism?Over the past thirty years,…

Consensus

Consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain.What Is Consensus?In centrally organized systems, all decisions are made by a single center of authority. For example,…