๐ Chain Selection Rules Summary
Chain selection rules are the criteria and procedures used by blockchain networks to decide which chain of blocks is considered the valid and authoritative version of the transaction history. These rules are essential when there are competing chains, such as after a network split or temporary disagreement among nodes. By following the chain selection rules, all participants in the network can agree on a single, shared history of transactions.
๐๐ปโโ๏ธ Explain Chain Selection Rules Simply
Imagine a group of friends writing a story together, but sometimes they disagree on what happens next. Chain selection rules are like a set of guidelines they use to pick which version of the story everyone should continue with, so they all stay on the same page. This way, even if two versions exist for a while, everyone knows how to choose the right one to keep the story going smoothly.
๐ How Can it be used?
In a blockchain project, chain selection rules ensure all nodes agree on the correct version of the ledger despite network issues or attacks.
๐บ๏ธ Real World Examples
In the Bitcoin network, if two miners find a new block at nearly the same time, two versions of the blockchain briefly exist. The chain selection rule is to follow the longest chain, meaning the one with the most proof of work. Eventually, as more blocks are added, one chain becomes longer and all nodes switch to it, ensuring a single, unified transaction history.
In Ethereum, during a software upgrade or hard fork, chain selection rules help nodes decide which chain to follow based on consensus. This process prevents confusion and ensures that all users and applications operate on the same, agreed-upon version of the blockchain.
โ FAQ
Why do blockchain networks need chain selection rules?
Chain selection rules are important because they help everyone using the blockchain agree on which version of the transaction history is correct. Without these rules, different parts of the network might end up with different records, leading to confusion and making the system unreliable. By following a clear set of rules, the network stays secure and users can trust that their transactions are recorded properly.
What happens if two different versions of the blockchain exist at the same time?
Sometimes, due to technical issues or a split in the network, two versions of the blockchain can exist at once. Chain selection rules guide the network to choose one version as the official record. This process keeps everyone on the same page and helps prevent problems like double spending or lost transactions.
Can the rules for choosing the main chain ever change?
Yes, the rules can change if the community running the blockchain decides to update them, usually to improve security or adapt to new challenges. These changes are often made through upgrades and require agreement from most participants to make sure the network continues to function smoothly.
๐ Categories
๐ External Reference Links
Ready to Transform, and Optimise?
At EfficiencyAI, we donโt just understand technology โ we understand how it impacts real business operations. Our consultants have delivered global transformation programmes, run strategic workshops, and helped organisations improve processes, automate workflows, and drive measurable results.
Whether you're exploring AI, automation, or data strategy, we bring the experience to guide you from challenge to solution.
Letโs talk about whatโs next for your organisation.
๐กOther Useful Knowledge Cards
Secure Gateway Integration
Secure gateway integration refers to connecting different systems, applications or networks using a secure gateway that controls and protects the flow of data between them. The secure gateway acts as a checkpoint, ensuring only authorised users and safe data can pass through, reducing the risk of cyber attacks. This integration is often used when sensitive information must be exchanged between internal systems and external services, helping to maintain data privacy and compliance with security standards.
Insider Threat
An insider threat refers to a risk to an organisation that comes from people within the company, such as employees, contractors or business partners. These individuals have inside information or access to systems and may misuse it, either intentionally or accidentally, causing harm to the organisation. Insider threats can involve theft of data, sabotage, fraud or leaking confidential information.
Competitive Multi-Agent Systems
Competitive multi-agent systems are computer-based environments where multiple independent agents interact with each other, often with opposing goals. Each agent tries to achieve its own objectives, which may conflict with the objectives of others. These systems are used to study behaviours such as competition, negotiation, and strategy among agents. They are commonly applied in areas where decision-making entities must compete for resources, outcomes, or rewards.
Self-Sovereign Identity
Self-Sovereign Identity (SSI) is a way for people to control and manage their own digital identities, rather than relying on companies or governments to do it for them. With SSI, you store your identity information yourself and decide who can see or use it. This helps protect your privacy and gives you more control over your personal data.
Secure Access Service Edge
Secure Access Service Edge, or SASE, is a technology model that combines network security functions and wide area networking into a single cloud-based service. It helps organisations connect users to applications securely, no matter where the users or applications are located. SASE simplifies network management and improves security by providing consistent rules and protection for users working in the office, at home, or on the move.