Quorum

In the crypto context, a quorum refers to the minimum number of participants needed to reach consensus for validating transactions or making governance decisions. Here's how it works:

1. Consensus Mechanisms:
   Protocols like Proof-of-Stake or Proof-of-Authority set a required quorum of validators or nodes to confirm blocks and ensure secure, decentralized transaction processing.

2. Governance Voting:
   Decentralized autonomous organizations (DAOs) and other blockchain governance structures require a quorum of stakeholders to pass proposals, ensuring that decisions represent the community's majority.

3. Security and Trust:
   Setting a quorum helps maintain network security and trust by ensuring that decisions and transaction validations are supported by a broad and representative group of participants.

A quorum is essential for maintaining decentralized consensus and enabling democratic decision-making in blockchain networks and governance.