Types of Blockchain Networks Quiz
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Questions and Answers

What type of blockchain network has absolutely no access restrictions?

  • Public blockchain (correct)
  • Private blockchain
  • Hybrid blockchain
  • Consortium blockchain
  • In a private blockchain, how is participant and validator access managed?

  • Controlled by proof-of-stake algorithms
  • Decentralized through ad-hoc compute clusters
  • Open to everyone
  • Restricted by network administrators (correct)
  • Which type of blockchain requires an invitation to join?

  • Consortium blockchain
  • Private blockchain (correct)
  • Public blockchain
  • Hybrid blockchain
  • What distinguishes a Distributed Ledger from a private blockchain?

    <p>Access restrictions</p> Signup and view all the answers

    Which blockchain network type combines centralized and decentralized features?

    <p>Hybrid blockchain</p> Signup and view all the answers

    What is a sidechain in the context of blockchains?

    <p>Parallel blockchain ledger</p> Signup and view all the answers

    What allows a sidechain to operate independently of the primary blockchain?

    <p>Linking entries to and from the primary blockchain</p> Signup and view all the answers

    What is a defining characteristic of consortium blockchains?

    <p>A group of organizations jointly manage the blockchain</p> Signup and view all the answers

    Why are consortium blockchains considered permissioned?

    <p>To limit access to certain individuals or organizations</p> Signup and view all the answers

    In which industries are consortium blockchains commonly used?

    <p>Supply chain management and financial services</p> Signup and view all the answers

    What advantage do consortium blockchains have over private blockchains?

    <p>Higher security and reliability with collaboration among consortium members</p> Signup and view all the answers

    Which two blockchain examples are mentioned as consortium blockchains in the text?

    <p>Quorum and Hyperledger</p> Signup and view all the answers

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