consensus mechanism

Definition of consensus mechanism from Regulation (EU) 2023/1114, Article 3(1), point (3).

Defined term	consensus mechanism
Source	MiCA
Reference	Article 3(1), point (3)
Status	Published
Refresh rule	Regenerate after source legal-text changes

Definition

(3) 'consensus mechanism' means the rules and procedures by which an agreement is reached, among DLT network nodes, that a transaction is validated;

Source

MiCA, Article 3(1), point (3).

Used In MiCA

• Article 6
• Article 19
• Article 51
• Article 140
• Article 66
• Article 92