Definition of Consensus

Consensus, What does it mean?

Consensus is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Consensus: Consensus is the process by which transactions are agreed upon by all nodes, thereby achieving validity. Achieving consensus is a critical component of cryptocurrency transactions as it is one of the fundamental elements of decentralization and blockchain technology. Consensus is used to reach an agreement on the various aspects of a digital transaction, thus ensuring the credibility of the network.

Consensus is related to

Node Mining

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Consensus, What does it mean?