A Quorum Mechanism is a system that requires a minimum number of participants or a specific proportion of voting power to agree before a decision or action can be executed. This threshold ensures collective approval and prevents single points of control. It enhances system security.
Context
This mechanism is a fundamental component of decentralized governance and consensus protocols within blockchain networks. News reports on protocol upgrades, voting results, or security measures often reference the quorum requirements. It ensures that significant changes or actions have broad community support.
A new BFT protocol uses probabilistic quorums to achieve optimal three-step latency and O(nsqrtn) message complexity, radically improving resource efficiency.
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