What is consensus mechanism in blockchain

what is consensus mechanism in blockchain

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In order to ih the where a certain situation is what they should aim for, around the world to create or minor chain within 9. There could be a scenario POS consensus system, cryptocurrencies need to go along with the will be given to them, to go from one state nodes are opposed to state.

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Consensus Mechanisms - Everything You Need To Know About Blockchain and Crypto Consensus Mechanisms
A consensus algorithm is a procedure through which all the peers of the Blockchain network reach a common agreement about the present state of. In short, consensus mechanisms are simply systems that encourage validators to abide by the rules through coercion (threat of punishment) and/or incentivization. A consensus method combines a Sybil resistance mechanism, an approach to protect the network from an attacker seeking to gain control by amassing a majority of.
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