consensus mechanism
consensus mechanism
Section titled “consensus mechanism”| Defined term | consensus mechanism |
| Source | MiCA |
| Reference | Article 3(1), point (3) |
| Status | Published |
| Refresh rule | Regenerate after source legal-text changes |
Definition
Section titled “Definition”(3) ‘consensus mechanism’ means the rules and procedures by which an agreement is reached, among DLT network nodes, that a transaction is validated;
Source
Section titled “Source”MiCA, Article 3(1), point (3).