MiCA Papers

Consensus mechanism

The rules and procedures by which an agreement is reached, among DLT network nodes, that a transaction is validated.

See also the following definitions:

  • DLT, which means a technology that enables the operation and use of distributed ledgers.

  • Distributed ledgers, which means an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism.

  • DLT network node, which means a device or process that is part of a network and that holds a complete or partial replica of records of all transactions on a distributed ledger.

As defined in the MiCA Regulation.

UpdatedApr 21, 2023