A transaction consensus processing method for a blockchain is provided. A target node that initiates a proposition performs compression processing on proposed transaction data based on a compression algorithm, and fragments the compressed transaction data into a number of data fragments based on an erasure code algorithm. The method includes: receiving a data fragment of the transaction data that is sent by the target node in a unicast mode, data fragments sent by the target node to nodes in the unicast mode being different; broadcasting the received data fragment to other nodes, and receiving data fragments of the transaction data that are broadcast by the other nodes; performing data recovery on the received data fragment based on an erasure code reconstruction algorithm, performing decompression processing on the recovered transaction data based on a decompression algorithm to obtain original content of the transaction data, and completing the consensus.