BLOCKCHAIN DICTIONARY

Consensus Protocols

July 9, 2020
Definition

Consensus protocols are processes used to validate / add new data to the blockchain. When new information is added to a blockchain, consensus protocols enable all blockchain systems (nodes) to come to consensus that the information is valid without centralized leadership.

Did you know?

Examples of consensus protocols include Proof of Stake (PoS), Proof of Work (PoW), and Proof of Authority (PoA).

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