[Definition Request]: Consensus Mechanism

[cosisaxis]

Context

We use consensus mechanisms in blockchain to handle trustless decision making on a distributed network

Term

Consensus Mechanism

Definition

A consensus mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to achieve the necessary agreement on a single data value or a single state of the network among distributed processes or multi-agent systems, such as with cryptocurrencies

List of category options

General (i.e. blockchain, fud, fomo, gm, etc...)

Additional Information

No response