BlockchainBeginner

Consensus

Agreement about which valid blockchain history and state the network accepts.

PLAIN-ENGLISH DEFINITION

In more detail

Consensus is how participants converge on the same history when competing updates are possible. The mechanism includes ways to select a chain and incentives or penalties for participants. It isn't simply a popularity vote on every payment: nodes still reject data that violates their validation rules.

IN THE WILD

How you might use it

Two nodes receive competing valid blocks, then follow the protocol's chain-selection rules to converge on the same history.

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By Crypto Dictionary · Published · Updated

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An original explanation with a reference to follow. Protocol details and community usage can evolve. Sources & standards

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