What is the role of quorum in blockchain consensus algorithms?

3 answers

• Dec 25, 2021 · 3 years ago
  Quorum plays a crucial role in blockchain consensus algorithms by determining the minimum number of participants required to validate a transaction. It ensures that only a sufficient number of nodes agree on the validity of a transaction before it is added to the blockchain. This helps maintain the integrity and security of the blockchain network.
  349175
• Dec 25, 2021 · 3 years ago
  In simple terms, quorum acts as a checkpoint in the consensus process. It ensures that a majority of participants agree on the validity of a transaction, preventing any single entity from manipulating the system. This decentralized approach enhances trust and reliability in blockchain networks.
  29599
• Dec 25, 2021 · 3 years ago
  Quorum is an essential component in blockchain consensus algorithms. It ensures that a certain number of nodes, often a majority, validate and agree on the transactions before they are added to the blockchain. This helps prevent double-spending and ensures the immutability of the blockchain. At BYDFi, we prioritize the use of quorum to maintain the integrity and security of our platform.
  39098