What consent mode means
Consent mode is not a banner or a notice layer. It is the protocol by which the decision the user makes in the banner reaches Google tags in a format they understand. The tool that displays the notice and stores the choice is the consent management platform; consent mode is the pipe between that choice and the measurement and advertising products.
The practical distinction lies in who decides what. The site owner defines the legal basis and the scope of processing with legal support. The notice collects the answer. Consent mode merely communicates it. If the signal indicates that advertising is not authorised, tags stop writing advertising cookies and stop sending identifiers, even though the code remains loaded on the page.
It should also be separated from plain tag blocking. Blocking means the script does not run and nothing happens. With consent mode the script can run in a restricted state, without storage and without persistent identifiers. That difference explains why two implementation versions exist and why they produce different data.