Every blockchain eventually hits a hard wall: thousands of independent computers have to settle on one history without a central referee deciding which version wins. That process is called a consensus algorithm, and the design determines who can add transactions, how rival versions of the ledger get settled, and when a payment is effectively locked []
Every blockchain eventually hits a hard wall: thousands of independent computers have to settle on one history without a central referee deciding which version wins. That process is called a consensus algorithm, and the design determines who can add transactions, how rival versions of the ledger get settled, and when a payment is effectively locked []
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