A consensus algorithm 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.

On the BitcoinBitcoinbitcoin (BTC)1$ 36,945.850.18%1h-6.01%24h-15.89%7ddetails blockchain, for instance, the consensus mechanism is known as Proof-of-Work (PoW) temuland crypto glossary - proof of work Proof of work (PoW) is a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system.Learn more, which requires the exertion of computational power in order to solve a difficult but arbitrary puzzle in order to keep all nodes in the network honest.

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Consensus Algorithm

Consensus Mechanism (Cryptocurrency)on Investopedia

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