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  1. Home
  2. /Glossary
  3. /Nakamoto Consensus
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blockchain

Nakamoto Consensus

The consensus mechanism Satoshi Nakamoto designed for Bitcoin, where the longest chain with the most accumulated proof-of-work is considered the valid chain.

Definition

The consensus mechanism Satoshi Nakamoto designed for Bitcoin, where the longest chain with the most accumulated proof-of-work is considered the valid chain. Miners compete to solve puzzles, and the network follows the chain that has had the most computational work invested. Simple, elegant, and battle-tested for over 15 years.

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Related Terms

Proof of Work (PoW)

A consensus mechanism where miners solve computational puzzles to create blocks and earn rewards.

Mining

Using computational power to validate transactions and create new blocks on proof-of-work blockchains.

Consensus Mechanism

The method a blockchain uses to agree on which transactions are valid and in what order.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

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