How does Tendermint consensus ensure the security and reliability of digital currencies?

1 answers

• Apr 30, 2022 · 3 years ago
  Tendermint consensus is a widely used consensus mechanism in the blockchain industry. It ensures the security and reliability of digital currencies by providing a decentralized and fault-tolerant network. With Tendermint, multiple validators participate in the consensus process, and they all need to agree on the validity of transactions. This prevents any single point of failure and makes it difficult for malicious actors to manipulate the system. The consensus algorithm also ensures that transactions are added to the blockchain in a timely manner, providing fast and reliable confirmation of digital currency transactions. Overall, Tendermint consensus plays a crucial role in maintaining the security and reliability of digital currencies.
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