We use consensus mechanisms in blockchain to handle trustless decision making on a distributed network
Term
Consensus Mechanism
Definition
A consensus mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to achieve the necessary agreement on a single data value or a single state of the network among distributed processes or multi-agent systems, such as with cryptocurrencies
Context
We use consensus mechanisms in blockchain to handle trustless decision making on a distributed network
Term
Consensus Mechanism
Definition
A consensus mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to achieve the necessary agreement on a single data value or a single state of the network among distributed processes or multi-agent systems, such as with cryptocurrencies
List of category options
General (i.e. blockchain, fud, fomo, gm, etc...)
Additional Information
No response