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Define “Nakamoto Consensus.”

PoW $+$ Longest Chain Rule. Single Canonical Order. Probabilistic Finality 69.
Greeks.Live18.11.25

Define “Nakamoto Consensus.”

Nakamoto Consensus is the name given to the set of rules and mechanisms that allow a decentralized network (like Bitcoin) to agree on a single, canonical order of transactions and prevent double-spending. It combines Proof-of-Work (PoW) for block creation and the "longest chain rule" for conflict resolution, ensuring a probabilistic finality to the ledger.

What Is the Difference between Probabilistic and Absolute Finality?
What Is the Concept of ‘Nakamoto Consensus’?
How Does ‘Nakamoto Consensus’ Enforce the Longest Chain Rule?
What Is the “Longest Chain Rule” in a PoW System?

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