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Academy Blockchain Glossary Article

Consensus Mechanism

2020.07.21 0x6617

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. It is useful in record-keeping, among other things.

Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.

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