Quorum

Quorum, in the context of blockchain and distributed ledger technology (DLT), refers to the minimum number of participants or a predefined percentage of the total network's voting power required to validate a transaction, finalize a block, or make a governance decision, ensuring the integrity and consensus of the distributed system. The term is also the name of a specific enterprise-grade, permissioned blockchain platform, initially developed by J.P. Morgan and later acquired by ConsenSys, which is built on a fork of the Ethereum protocol and designed for financial institutions and businesses requiring high-speed, private transactions.