Nakamoto Consensus
Consensus Mechanisms
2 references
A consensus style used by Bitcoin-like chains that combines Proof of Work with the longest-chain rule. Nodes follow the chain with the most accumulated work.
Appears in 2 whitepaper sections
$XRP
XRP
Existing Consensus Algorithms
... adversarial participants are expected.
**Proof-of-Work (Bitcoin).** Bitcoin's Nakamoto consensus uses proof-of-work to achieve Byzantine fault tolerance in a permissionless set...
References
...ency, enabling decentralized agreement without trusted parties. Established the longest-chain rule and demonstrated that probabilistic finality increases exponentially with the n...
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