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Who is the consensus in blockchain

Who is the consensus in blockchain

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Understanding Blockchain Consensus Mechanisms
In a blockchain, consensus allows protocol layer nodes to independently agree on the ledger's state. These mechanisms update the chain's. In short, consensus mechanisms are simply systems that encourage validators to abide by the rules through coercion (threat of punishment) and/or incentivization. A consensus mechanism is a protocol that brings all nodes of a distributed blockchain network into agreement on a single data set. They act as the verification.

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Aside from their technical application � a fail safe for blockchain or widely distributed networks and systems � consensus mechanisms serve as incentive programs for good behavior. In section 4, we will demonstrate some future improvements. Proof-of-Work PoW is a popular method for achieving distributed consensus, as seen in the Bitcoin implementation.