The consensus mechanism used by Openchain differs from other Bitcoin-based systems, it uses Partionned Consensus:
- Every Openchain instance only has one authority validating transactions.
- Instead of one single central ledger, each organization controls their own Openchain instance. Instances can connect to each other.
- Different transactions will be validated by different authorities depending on the assets being exchanged.
- Every asset issuer has full control on the transactions relevant to that asset.