What is Consortium Blockchain ?

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Consortium Blockchain : How its is different from Public Blockchain and private Blockchain


The Consortium Blockchain is  "Partially Decentralized " Blockchain

Consortium Blockchain Means the Blockchain with  set  of procedures  controlled by a preselected set of  Nodes this consortium Blockchain operates under the leadership of Group.This consortium Blockchain is also opposite to Public Blockchain in the consortium Blockchain there is no permission for the user with Internet access to join in the process of verifying transaction

For example

Lets take there are 15 institutions and the 15 institutions operates a node in that.
Now if we need to validate Block in that 15 institutions  10 must sign Every Block
Reading  Permission in the Consortium Blockchain May be Public or Restricted to the Participant

Point you need to know about Node of consortium blockchain


In consortium Blockchain there are two nodes namely
  • Validator Node
  • Member Node
These are the difference Between the two node

Validator Node

 The validater Node have permission such as they can initiate / Receive the Transaction  and also they can validate the transaction

Member Node

The validater Node have permission such as they can initiate / Receive they dont have Permission to validate the Transaction

Location: Malaysia

Comments

  1. App Development Service02:04

    Good information about the blog. Consortium Blockchain Means the Blockchain with set of procedures controlled by a preselected set of Nodes this consortium Blockchain operates under the leadership of Group.

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