Blockchain Consensus Protocol

Definition ∞ A blockchain consensus protocol is a set of rules that allow distributed network participants to agree on the validity of transactions and the state of the ledger. These protocols ensure that all nodes maintain an identical and verifiable record of transactions without a central authority. They are essential for preventing double-spending and maintaining the integrity of the blockchain. Different protocols, such as Proof of Work or Proof of Stake, offer varied approaches to security, decentralization, and transaction speed.
Context ∞ The evolution of blockchain consensus protocols remains a central theme in crypto news, particularly concerning scalability and energy consumption debates. Discussions often revolve around the trade-offs between security guarantees and transaction throughput in various layer-one solutions. The shift towards more energy-efficient and faster protocols continues to drive innovation and competition within the digital asset ecosystem.