Consensus Protocol

A consensus protocol (for blockchains) is the way in which the participants in the blockchain (also called nodes) come to an agreement about what the next valid block is. This is governed by a commonly agreed upon set of code which automates the process and is executed by each node.

For further details see:

Links to this page
  • Smart Contracts

    Smart contracts are programs which execute on a blockchain, every step of their execution is checked as a part of the blockchain’s Consensus Protocol, ensuring that no individual party can maliciously or erroneously alter the result of running a smart contract.