Consensus
Consensus is when everyone in a blockchain network agrees on the sequence and details of the data blocks added to the chain.
More terms under C
- ConfirmationA confirmation in cryptocurrency is a count of how many blocks have been added to the blockchain since a transaction was recorded, showing that the transaction…
- ConfirmationsA cryptocurrency transaction is confirmed when it is added to a block on the blockchain. Each new block that follows adds another confirmation, making the…
- ConsenSysConsenSys is a company that creates tools and solutions to help developers and businesses use blockchain technology.
- Consensus LayerThe consensus layer is an essential part of a blockchain that helps all the computers in the network agree on what the current state of the blockchain is.
- Consensus MechanismA consensus mechanism is a process used in blockchain technology that helps all participants agree on the state of the network. It ensures that everyone has…
- ConsolidationConsolidation in trading happens when a cryptocurrency's price stays within a specific range, showing that traders are unsure about whether it will go up or…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.