What does “blockchain consensus” ensure among decentralized systems? 🔊
Blockchain consensus” ensures that all transactions recorded in a decentralized system are valid and agreed upon by all participants. This process establishes trust among users without a central authority. Consensus mechanisms like proof of work or proof of stake validate transactions effectively, reducing the possibility of fraud. Consequently, it enhances security and improves the overall reliability of the blockchain, making it a cornerstone for applications in various industries.
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