Blockchain Technology and Digital Governance
“Consensus” in simple terms is a decision making process between group of people to validate a transaction. It is done with a purpose to benefit the parties involved in the process, the method through which this consensus is achieved is called “Consensus Mechanism”.Example : If a group of people from different parts of the globe working together on a project which benefits all of them , each individual from the group can suggest an idea, but the group has to agree with the idea for which the ...
Blockchain Technology and Digital Governance
“Consensus” in simple terms is a decision making process between group of people to validate a transaction. It is done with a purpose to benefit the parties involved in the process, the method through which this consensus is achieved is called “Consensus Mechanism”.Example : If a group of people from different parts of the globe working together on a project which benefits all of them , each individual from the group can suggest an idea, but the group has to agree with the idea for which the ...
