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Consensus.md

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Decentralized consensus in the context of Ethereum refers to the process of determining which miner’s block should be appended next to the blockchain.

This involves two key components of Proof-of-Work (PoW) and the Longest-chain Rule. Miners apply these rules to build on the canonical blockchain.

This is referred to as "Nakamoto Consensus” and is adapted from Bitcoin.


Slide Screenshot

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Slide Text

  • Nakamoto Consensus
  • Next Block -> Which Miner?
  • Proof of Work (PoW)
  • Longest Chain Rule

References