Blockchain & Crypto
Lesson 2 of 3 6 min +40 XP

Decentralization & Consensus

Agreeing without a boss.

What you'll learn

  • Understand decentralization & consensus
  • Apply it to real examples
  • Check yourself with a quiz
The town's shared ledger

Instead of one bank keeping the books, imagine every townsperson holding an identical copy and agreeing on updates by a shared rule. That's decentralization, and the rule is consensus.

Many copies, one truth

No single party controls a blockchain; many nodes hold copies. A consensus mechanism (like proof of work) decides the valid chain.

Knowledge Check

+10 XP / correct

1. Decentralization means…

2. Proof of work secures the chain by requiring…