Quorum Layer refers to a component in blockchain architecture that ensures a minimum level of participation or agreement among network participants before a transaction or operation is deemed valid. This concept is crucial for maintaining consensus in decentralized systems.In practical terms, the Quorum Layer establishes how many nodes must validate a transaction for it to be added to the blockchain. This helps prevent malicious activities and enhances network security. A higher quorum can lead to greater safety but may slow down transaction speeds, while a lower quorum can increase efficiency but might expose the network to risks.Different blockchain networks can implement varying quorum mechanisms depending on their governance structure and consensus algorithms. Ultimately, this layer plays a vital role in balancing security, performance, and decentralization, helping ensure that the system operates smoothly and reliably.
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