Council of Supply Chain Management Professionals (CSCMP) Practice Exam 2025 – The Complete All-in-One Guide to Exam Success!

In blockchain technology, consensus refers to the process through which all participating nodes in the network come to an agreement on the validity of transactions before adding a new block to the blockchain. This ensures that all nodes have a shared and consistent view of the blockchain's state, which is fundamental for maintaining trust and integrity in the system.

Consensus mechanisms, such as Proof of Work or Proof of Stake, require multiple nodes to validate and accept a new block, ensuring that no single entity has control over the data. This collaborative agreement helps to prevent issues like double-spending and unauthorized modifications. Therefore, acceptance by nodes to add a new block to the chain accurately describes the consensus process where nodes validate and agree on the legitimacy of transactions and blocks before they are permanently recorded on the blockchain. This agreement is critical to maintaining the overall security and functionality of the blockchain network.