What Is the ‘Nakamoto Consensus’?
The Nakamoto Consensus is the combination of Proof-of-Work (PoW) as the sybil-resistance mechanism, the longest-chain rule for conflict resolution, and the block reward system for incentive alignment. It is the core set of rules that governs Bitcoin and many other PoW blockchains.
It relies on cryptographic proof and economic incentives to maintain a single, consistent, and immutable ledger.