Quorum check refers to the process of ensuring that a specified number of participants in a network or a group has reached a consensus before a decision is made or a transaction is validated. This is crucial for maintaining security and integrity, as it helps prevent issues like double spending or fraud.In most blockchain systems, a quorum is typically defined as a majority or a certain minimum number of nodes that must agree on a transaction or the state of the ledger. By performing a quorum check, the network confirms that there’s enough agreement among the participants to proceed, thereby reducing the risk of erroneous or malicious activities.Different consensus mechanisms have their own rules regarding quorum checks, influencing how quickly transactions can be confirmed and how resilient the system is to attacks. This balance between speed, security, and decentralization is vital for the overall functionality and trustworthiness of the network.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor