Blockchain Consensus

Definition ∞ Blockchain consensus is the process by which distributed nodes in a blockchain network agree on the validity of transactions and the state of the ledger. It is a fundamental mechanism that ensures the integrity and immutability of the distributed database. Different consensus mechanisms exist, each with distinct approaches to achieving agreement among network participants.
Context ∞ News surrounding blockchain technology frequently touches upon consensus mechanisms, as they dictate network security, transaction speeds, and energy consumption. Debates often arise concerning the trade-offs between various consensus protocols, such as Proof-of-Work versus Proof-of-Stake, and their implications for decentralization and scalability. Understanding blockchain consensus is vital for assessing the robustness and operational characteristics of any given digital asset network.