Consensus Layer Properties

Definition ∞ Consensus layer properties are the fundamental attributes and mechanisms that define how a decentralized network reaches agreement on the state of its distributed ledger. These characteristics include the specific algorithm used, such as Proof of Stake or Proof of Work, and the parameters governing validator participation, security, and finality. They determine the network’s resilience against attacks and its capacity for processing transactions. The design of these properties directly impacts a blockchain’s overall performance.
Context ∞ News surrounding major blockchain upgrades, such as Ethereum’s transition to Proof of Stake, frequently centers on the modifications and implications of consensus layer properties. Debates often focus on how these properties influence decentralization, energy consumption, and transaction speed. Understanding these underlying characteristics is vital for assessing the long-term viability and security of various digital asset platforms.