CRYPTO GLOSSARY · TECH

What is Consensus?

Agreement mechanism for blockchain validation.

📖 Full Definition

Consensus refers to the mechanism by which blockchain networks agree on the validity of transactions and the state of the ledger. Different consensus mechanisms include Proof of Work, Proof of Stake, and Delegated Proof of Stake.

💡 Example

Bitcoin uses Proof of Work consensus, while Ethereum uses Proof of Stake.

🔗 Related Terms

Proof of Work

Consensus where miners solve puzzles for rewards.

Proof of Stake

Consensus where validators stake coins.

Validator

Node that validates transactions in PoS networks.

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