Decentralized consensus (去中心化共识 qù zhōngxīn huà gòngshí) refers to the spontaneous product of thousands of independent and seperated participants following simple rules through asynchronous interaction to reach a perfect agreement. All the properties of bitcoin, including currency, transaction, payment and security model, depend on this invention.
- 去 (qù) as in remove (去除 qùchú), coming back (回去 huíqù) or loss (失去 shīqù).
- 中心 (zhōngxīn) as in central city (中心城市 zhōngxīn chéngshì) or central theory (中心理论 zhōngxīn lǐlùn).
- 共识 (gòngshí) derives from
共 (gòng) as in together (共同 gòngtóng), in total (一共 yīgòng) or public (公共 gōnggòng).
识 (shí) as in being aware of (认识 rènshí), distinguish (识别 shíbié) or knowledge (知识 zhīshī).
Decentralized consensus (去中心化共识 qù zhōngxīn huà gòngshì) word examples:
- Blockchain based decentralized consensus (区块链为基础的去中心化共识 qūkuaìliàn wéijīchǔdē qù zhōngxīn huà gòngshì).
- Decentralized consensus technology (去中心化共识科技 qù zhōngxīn huà gòngshì kējì).