Consensus Overhaul

Definition ∞ A consensus overhaul signifies a substantial modification or complete replacement of a blockchain network’s agreement protocol. This process aims to enhance performance, security, or decentralization characteristics. Such changes often involve transitioning between different consensus algorithms, like proof-of-work to proof-of-stake, or introducing novel mechanisms. These upgrades are complex undertakings that require extensive testing and network-wide coordination.
Context ∞ The concept of a consensus overhaul is currently a prominent subject in blockchain development, particularly concerning networks seeking to improve transaction throughput and energy efficiency. Major protocols are undergoing or planning significant transitions to more scalable and sustainable consensus models. The successful execution of these overhauls is viewed as critical for the long-term viability and adoption of these networks, attracting considerable attention from developers, investors, and the broader cryptocurrency community.