consensus mechanism

In force · MiCA Article 3(1), point (3) · Regulation (EU) 2023/1114, OJ L 150, 9.6.2023 · Not yet verified against the official text · Official source

Definition

(3) 'consensus mechanism' means the rules and procedures by which an agreement is reached, among DLT network nodes, that a transaction is validated;

Source

MiCA, Article 3(1), point (3).

Used In MiCA

• Article 6

• Article 19

• Article 51

• Article 140

• Article 66

• Article 92