kaal:claim:3782198-028

Hash functions let a leaderless network reach consensus on identity and ordering, because every node independently hashes a transaction's data and deterministically arrives at the same unique identifier that everyone recognizes.

Source quote, verbatim

Thanks to the hash function, every node in the network hashes the transaction's data and independently arrives at the same an- swer, giving the transaction a unique ID that everyone recognizes.

From

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021), New tools: hash functions, p. 27
https://ssrn.com/abstract=3782198 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021). SSRN: https://ssrn.com/abstract=3782198

Holds when

requires all nodes to run the same deterministic hash protocol

Classification

mechanismsupport: arguedconsensus-and-securitytokenomicsdecentralization

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