Quorum
The minimum number of participants required to make a decision or validate an action.
A quorum is the minimum participation needed before a vote, signature set, committee decision, or validation process is considered valid. It prevents small, unrepresentative groups from making decisions for everyone.
In crypto, quorum rules appear in multi-sig wallets, validator committees, federation signers, masternode votes, and governance systems. The threshold should balance safety with liveness: too low can be captured, too high can make action impossible.
Related terms
4 linkedExplore connected entries beyond the alphabetical index.
Masternode
→Specialized servers on a blockchain network that perform advanced functions, require significant coin collateral, and receive rewards for their services.
Node
→A device that participates in a blockchain network, with roles varying from transaction validation to block creation.
Multi Signature
→A type of digital wallet that requires signatures from multiple private keys to authorize transactions.
Governance Token
→A token that grants proposal, voting, or delegation rights in a protocol's governance process.
All terms and definitions may update as the Cryptionary improves.
