The Local Consensus Layer is a mechanism that helps nodes in a network agree on the state of the blockchain or data. It focuses on achieving consensus among a smaller group of participants, rather than relying on the entire network.This layer plays a key role in improving efficiency and scalability. By allowing nodes to reach agreements without needing to inform every participant, it speeds up transaction processing and reduces the load on the network. Local consensus can be particularly useful in situations where fast and frequent decisions are needed, such as in decentralized applications or private blockchains. Different methods, like voting or leader election, can be used to establish this consensus, ensuring that even smaller subsets of nodes can maintain accurate and up-to-date information. Overall, the Local Consensus Layer enhances performance and usability by enabling quicker, localized decision-making within a larger decentralized framework.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the