Phrases with «consensus protocol»

A consensus protocol is an agreement mechanism used by a group of computers or nodes to come to a common decision or decision-making process. It ensures that all participants in a network reach a mutual understanding or consensus about the state of a system or the validity of a transaction. It helps in maintaining trust and preventing conflicts within the network by ensuring that all members agree on the same set of rules and validate information together. Full definition

Sentences with «consensus protocol»

  • This would include code related to token creation, a new consensus protocol, or new technical features. (smithandcrown.com)
  • Also of note was the inclusion of talks on bitcoin's proof - of - work consensus protocol, the aspect of the technology of most relevance to the cryptocurrency's mining industry. (coindesk.com)
  • With this single token, users can pay for their entire mix of software usage, verified by our off - chain consensus protocol. (cardstack.com)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z