A Consensus Security Model describes the framework of rules and mechanisms that ensure agreement among participants in a distributed network regarding the validity of transactions and the accurate state of the ledger. This model dictates how network participants collectively agree on new blocks and protects the system from malicious actors. It establishes the fundamental security properties of a blockchain, such as immutability and censorship resistance.
Context
This model forms the bedrock of blockchain integrity, directly influencing its resistance to attacks and overall reliability. The ongoing development in this area focuses on refining existing models like Proof of Stake and exploring new ones to balance decentralization, energy efficiency, and transaction throughput. These advancements are critical for the long-term viability and adoption of various digital asset networks.
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