Consensus

Snowflake (Avalanche) consensus is a consensus protocol that is scalable, robust, and decentralized.

Consensus is the task of getting a group of computers (a.k.a. nodes) to come to an agreement on a decision. In blockchain, this means that all the participants in a network have to agree on the changes made to the shared ledger. This agreement is reached through a specific process, a consensus protocol, that ensures that everyone sees the same information and that the information is accurate and trustworthy.

The MELD blockchain utilises the Avalanche consensus layer to orchestrate consensus on the MELD chain. The block are written on the MELD chain and use gMELD as the token to pay for transactions.

While MELD uses the Avalanche consensus mechanism, this is not to be mistaken for reliance on the Avalanche C chain. Both MELD and the Avalanche C-chain are independent layer 1 blockchain sharing the Snowflake consensus mechanism layer.

Avalanche Consensus is a consensus protocol that is scalable, robust, and decentralized. It combines features of both classical and Nakamoto consensus mechanisms to achieve high throughput, fast finality, and energy efficiency.

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