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Foundational Consensus Theory

Definition

Foundational consensus theory explores the principles and mechanisms that allow a distributed network to reach agreement on a single, consistent state. This theoretical framework examines how independent nodes can collectively validate and order transactions, even in the presence of malicious actors or network failures. It underpins the security and integrity of all blockchain systems, addressing problems such as the Byzantine Generals’ Problem. Understanding this theory is crucial for designing robust and resilient decentralized ledgers.