Post
Topic
Board Economics
Re: What’s the nature of consensus?
by
mckinleeanael07
on 22/08/2021, 03:55:27 UTC
In my opinion, the consensus is that the agreement of the two parties is similar to an agreement, for example, Mr. A has ip pro max and wants to exchange it for that coin, that ip is equivalent to how much worth of cryptocurrency that Mr. B owns. and both agree to that value is called consensus. Most of this consensus occurs when the value of that cryptocurrency is not yet listed on an exchange and is only exchanged internally.