What Are ‘Consensus Rules’ in a Blockchain Network?
Consensus rules are the set of agreed-upon protocols and criteria that all participating nodes in a decentralized network must follow to validate blocks and transactions. These rules define the blockchain's state, such as the maximum block size, the halving schedule, and the validity checks for transactions.
Following these rules ensures that all nodes maintain a single, consistent version of the ledger.
Glossar
Consensus Rules
Protocol ⎊ Consensus Rules represent the codified set of criteria and procedures that all network participants must adhere to for a transaction or block to be considered valid and permanently added to the distributed ledger.
Rules
Framework ⎊ The operational guidelines governing cryptocurrency derivatives, options trading, and related financial instruments establish a layered system of protocols designed to ensure market integrity and participant protection.