Mechanism

Algorithmic Consensus

TL;DR

Blockchain networks distribute control through cryptographic consensus mechanisms.

Distributed Coordination

Business Application of Algorithmic Consensus

Blockchain networks distribute control through cryptographic consensus mechanisms. No single node controls the network; decisions emerge from distributed agreement among thousands of independent participants following algorithmic rules. Provides censorship resistance, transparency, and global coordination without hierarchy, but with trade-offs in speed and scalability.

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