Tag: Decentralized Consensus

(This answer is taken from my book Innovate the Next). Decentralisedconsensus is the ability of participants on a tributed network to reach perfect agreement on a shared database, without the involvement of a central authoritative figure. With Blockchain currencies, the transactions are approved by decentralised individuals who approve based only on that it is a legitimate transaction and no other reason whatsoever. Not politics and no politics.