Blockchainconsensus
Consensus Mechanism
Also known asConsensus Algorithm
The protocol by which nodes in a distributed network agree on the current state of the ledger. Common mechanisms include Proof of Work (Bitcoin), Proof of Stake (Ethereum, Solana), and BFT variants. Consensus ensures all honest nodes converge on the same transaction history despite potential network delays or malicious actors.
Related terms
3Blockchain
Proof of Stake (PoS)
A consensus mechanism where validators are selected to produce blocks based on the amount of cryptocurrency they have st...
Blockchain
Proof of Work (PoW)
A consensus mechanism where miners compete to solve computationally expensive puzzles to produce blocks and earn rewards...
Blockchain
Byzantine Fault Tolerance (BFT)
The ability of a distributed system to reach consensus despite some nodes behaving arbitrarily (maliciously or failing)....