/biz/ - Business & Finance

>>12715998
>Anyone with a wallet can send a transaction which creates a block that is written into the immutable ledger by the masternode and then synchronized with the thousands of other nodes in the network, creating a distributed consensus as to the state of the blockchain.

Exactly. Skycoin fudders literally don't understand what consensus means. If there's an immutable synchronized copy of the ledger across thousands of nodes then there's a consensus. Since only the masternode writes blocks, Byzantine Fault Tolerance is not an issue and a traditional consensus algorithm or protocol (such as Proof of Work or Proof of Stake) is not required in order to secure this consensus.

Skycoin "no consensus" fudders have been completely BTFO recently.

(although none of this has anything to do with your OP about Skywire)