What is Consensus (Bitcoin’s Process Consensus)?

what is consensus ?-Definition of all finance terms

Definition of Consensus

The consensus is kind of a standard or rule required for the secure regulation of all the blocks in a bitcoin process. If not a single a participant follows the rule, they require a hard fork. It considers the validity of a block or transactions.Consensus also called hard rules because bitcoin requires that all the participants in this world of cryptocurrency have consensus. For the purpose of more clarity, this is also called rules of bitcoin instead of consensus rules.

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