What are the different types of blockchain technology/ledger?
Answer / Khushaboo
There are several types of blockchain technologies, each with its unique characteristics and applications. The two main categories are public and private blockchains. Public blockchains, such as Bitcoin and Ethereum, are open to anyone and offer complete transparency and decentralization. Private blockchains, on the other hand, are restricted to a specific group of participants and may or may not be transparent. Other types of blockchain include consortium blockchains, which allow a predetermined set of organizations to collaborate on a private network, and hybrid blockchains, which combine features from both public and private networks.
| Is This Answer Correct ? | 0 Yes | 0 No |
Can you explain the elements of the blockchain ecosystem?
How is dapp different from an app?
What are the advantages of blockchain that you simply know?
Is it possible in blockchain to remove one or more blocks from the networks?
What are merkle trees? How important are merkle trees in blockchains?
What is a chain fork?
What is consensus algorithm?
What precisely does one know about executive accounting? Does blockchain support the same?
What is the importance of merkle trees in blockchain?
How are blocks changed together?
What is a ledger? Name the common type of ledgers that can be considered by users in blockchain?
How you will handle the risk management when it comes to securing the transactions records?