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Posts : 65
Join date : 2022-10-27
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What is Consensus?  Empty What is Consensus?

Thu Nov 17, 2022 1:04 pm
It is a mechanism through which cryptocurrencies like bitcoin and Ethereum use to validate the authenticity of transactions and maintain the security of the underlying blockchain. In Bittensor this consensus is a score which is determined by the number of approval votes given by Validators (understood as trust). This score is not linear: Validators with more TAO can distribute a greater number of trust votes, and the score is regularized by a sigmoid function such that “trusted” Servers - those who receive 51% or more positive votes - are rewarded orders of magnitude higher.

Posts : 64
Join date : 2022-10-27
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What is Consensus?  Empty Re: What is Consensus?

Fri Dec 02, 2022 6:42 pm
Okay so that makes some sense but how does a validator get consensus? Meaning how do we know that a validator is evaluating correctly and not creating any sort of favouritism mechanism? A few years back there was a bug in some crypto network that allowed people to withdraw their transactions and get their money back. How can we protect that kind of thing from happening through validators?
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