Quorum Consensus

Quote Order Quantity (QOQ) refers to the specific amount of cryptocurrency an investor wishes to purchase or sell, based on market quotes.

Quorum Consensus is a consensus mechanism used to achieve agreement among participants in a distributed network. It emphasizes ensuring that a specific number of nodes, or participants, agree on the validity of transactions before those transactions are added to the blockchain.This method is particularly useful in permissioned networks, where not all participants are equal and trust levels can vary. By requiring a majority or predefined subset of nodes to validate changes, it enhances security and avoids situations where a small number of participants could manipulate the system.Quorum Consensus helps improve efficiency and speed by limiting the number of nodes involved in the decision-making process. It can adapt to different thresholds depending on the network’s needs, making it flexible for various applications.Overall, this approach balances the need for security with performance, making it suitable for environments where participants are known and can be trusted to some extent.

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