May 25, 2020 • 5M

Episode 2 - Consensus

 
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Gautam Dhameja
Block Shots provides a basic understanding of the most important blockchain concepts in five minutes. Learn about blocks, transactions, consensus, finality, governance, etc. and many more fundamentals while having your morning coffee, commuting, or whenever you’ve got a moment.
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In general, consensus means agreement. In the context of blockchain, consensus is the agreement on the state of the blockchain among all the nodes in a network.

The main area where consensus is needed is the order of transactions, within a block. If all nodes could agree on the order in which the transactions happened, then they would individually arrive at the same state after processing the respective blocks.

Music: https://www.purple-planet.com

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