12 Questions
What type of blockchain network has absolutely no access restrictions?
Public blockchain
In a private blockchain, how is participant and validator access managed?
Restricted by network administrators
Which type of blockchain requires an invitation to join?
Private blockchain
What distinguishes a Distributed Ledger from a private blockchain?
Access restrictions
Which blockchain network type combines centralized and decentralized features?
Hybrid blockchain
What is a sidechain in the context of blockchains?
Parallel blockchain ledger
What allows a sidechain to operate independently of the primary blockchain?
Linking entries to and from the primary blockchain
What is a defining characteristic of consortium blockchains?
A group of organizations jointly manage the blockchain
Why are consortium blockchains considered permissioned?
To limit access to certain individuals or organizations
In which industries are consortium blockchains commonly used?
Supply chain management and financial services
What advantage do consortium blockchains have over private blockchains?
Higher security and reliability with collaboration among consortium members
Which two blockchain examples are mentioned as consortium blockchains in the text?
Quorum and Hyperledger
Test your knowledge about the four main types of blockchain networks: public, private, consortium, and hybrid. Learn about access restrictions, validators, consensus protocols, and economic incentives associated with each type.
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