Blockchain Fundamentals

Consensus

Also: Consensus Mechanism

The method by which thousands of independent computers agree on which transactions are valid and in what order. Without it there would be no single shared record. Proof of Work and Proof of Stake are the two best-known approaches.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.