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Consensus Mechanism Optimization

Definition

Consensus mechanism optimization involves refining the method by which a decentralized network agrees on the validity of transactions and the state of its ledger. This process aims to enhance a blockchain’s security, speed, and energy efficiency by adjusting or redesigning the underlying algorithms that enable distributed agreement. Optimization efforts frequently explore alternatives to traditional proof-of-work, such as proof-of-stake or delegated proof-of-stake, to achieve higher transaction throughput and lower operational costs. The goal is to improve network performance without compromising decentralization or integrity.