Tag: Decentralized Consensus

In the ever-expanding world of cryptocurrencies, security remains a paramount concern for users and developers alike. At the heart of this security is a crucial aspect known as the consensus mechanism. This system ensures that all participants in a decentralized network agree on the validity of transactions, thereby preventing fraud and ensuring the network's integrity. In this article, we explore how consensus mechanisms function and why they are so vital to cryptocurrency security. What Are Consensus Mechanisms? Consensus mechanisms are protocols that achieve agreement on a single data value among distributed...