Consensus Mechanism

A consensus mechanism is a method used in blockchain and distributed systems to achieve agreement among multiple participants on the state of the data or transactions. It ensures that all copies of the data are consistent and secure, preventing fraud and errors. Common types include Proof of Work, where participants solve complex problems, and Proof of Stake, where they validate transactions based on the number of coins they hold. By using these mechanisms, networks can maintain trust and integrity without a central authority, enabling decentralized operations and secure exchanges.