The Top 5 Enterprise Blockchain Platforms You Need to Know About
Read moreWhat is public blockchain with example?
Public Blockchains You may have heard of popular public blockchains such as Bitcoin, Ethereum, and Litecoin . On these public blockchains, the nodes “mine” for cryptocurrency by creating blocks for the transactions requested on the network by solving cryptographic equations.19 Ağu 2021
Read moreWhat are public and private blockchain?
In a public blockchain, anyone is free to join and participate in the core activities of the blockchain network. A private blockchain allows only selected entry of verified participants; the operator has the rights to override, edit, or delete the necessary entries on the blockchain.
Read moreWhat are consortium blockchains?
Federated blockchain or consortium blockchain is a blockchain technology where instead of only a single organization, multiple organizations govern the platform . It’s not a public platform rather a permissioned platform. More so, it’s quite similar to private blockchains as well.3 Kas 2020
Read moreWhich of these is an example of a consortium or private blockchain?
Consortium Blockchain Since there is no single authority governing the control, it maintains decentralized nature. Energy Web Foundation, IBM Food Trust are examples of such blockchain.
Read moreWhich of these can be a consortium blockchain?
Consortium Blockchain or Federated Blockchain Hyperledger is an example of a consortium blockchain. In contrast to a public blockchain, only pre-selected participants are accepted . Therefore, this type of blockchain is not open to everyone, but semi-private.
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