Consensus Point

A consensus point refers to a specific point in time within a decentralized network where a consensus algorithm determines the agreed-upon state of the system. It represents the moment when participants in the network reach a consensus on the validity and order of transactions or events. Consensus points are crucial for maintaining the integrity and consistency of the blockchain or distributed ledger. They ensure that all network nodes have a consistent view of the shared data and agree on the state of the network at a particular moment. Consensus mechanisms such as Proof of Work or Proof of Stake are employed to reach consensus points and maintain the trustworthiness of the decentralized network.