A set of rules or protocols that ensure agreement among nodes in a decentralized network on the validity of transactions and the state of the blockchain. Common consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS).
A set of rules or protocols that ensure agreement among nodes in a decentralized network on the validity of transactions and the state of the blockchain. Common consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS).