Quorum

In blockchain, a quorum refers to the minimum number of participants or validators required to approve a transaction or reach a decision. It ensures sufficient agreement among trusted parties before an action is executed, adding security and reducing the risk of fraud or error in decentralised systems. The required threshold can vary depending on the protocol, governance model, or smart contract rules. Quorums are particularly important in DAOs (Decentralised Autonomous Organisations), multi-signature wallets, and private blockchain networks to ensure decisions are legitimate and collectively validated.