Consensus

« Back to Glossary Index

This is a state where all participants of a crypto aggress to any particular block order in the blockchain and agrees to the transactions in the blocks. A consensus mechanism is an underlying technology behind the primary functionalities of all blockchain technology that makes them an essential operating feature of all the cryptocurrencies.

« Back to Glossary Index

Check Also

new-mining-strategies-crypto-halving

New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …