Consensus

- CoinGecko 님 | 업데이트: Mar 03, 2020
Consensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need to refer to a central authority figure for all participants to agree on what is the correct data. Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.

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관련 용어

Mnemonic Phrase
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.
Pump and dump scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
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