A process or system by which multiple parties are able to reach consensus. In the context of cryptocurrencies, it's the process which allows for everyone to agree on everyone else's money balance. E.g. Bitcoin employs Nakamoto consensus via PoW mining.
Abbreviation of Proof of Location consensus mechanism.
Proof of Location (PoL)
Proof of Location (PoL) consensus mechanism where a user's geographical location represents value. Geomining applications may use Proof of Location.