picawen
@picawen
Consensus mechanisms in blockchain are algorithms that enable nodes in a decentralized network to agree on the validity of transactions and the state of the ledger. They ensure data integrity and prevent double-spending by reaching a collective agreement on the blockchain's updates. This process is crucial for maintaining trust and security in a trustless system. Without a central authority, consensus mechanisms like Proof of Work (mining), Proof of Stake, and others, facilitate the decentralized validation and recording of transactions, making blockchain robust against attacks and ensuring its reliability.
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