Consortium blockchain has a predefined set of nodes allowing the users to write the data. (True or False)
Answers
I think the answer is "False."
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-Charlie
Thank you!
end of this post, you will understand
Hyperledger (what & who)
Distributed Ledger Technology
Blockchain vs. Distributed Ledger Technology
Blockchain (Transactions, Blocks, Merkle Tree, Cryptography)
Smart Contracts
Consensus Algorithms
Public Blockchains
Permissioned vs. Permissionless Blockchains
Other DLTs
What is Hyperledger?
Hyperledger is the umbrella open source project that the Linux Foundation has created and hosted since 2015. It aims at advancing and promoting cross-industry blockchain technologies to ensure accountability, transparency, and trust among business partners. As a result, Hyperledger makes business network and transactions more efficient.
What is the Linux Foundation?
Linux is the world’s largest and most pervasive open source software project in history. The Linux Foundation is home to Linux creator Linus Torvalds and lead maintainer Greg Kroah-Hartman, and provides a neutral home where Linux kernel development can be protected and accelerated for years to come.
The Linux Foundation is the umbrella organization for many critical open source projects that power corporations today, spanning all industry sectors:
Big data and analytics: ODPi, R Consortium
Networking: OpenDaylight, OPNFV
Embedded: Dronecode, Zephyr
Web tools: JS Foundation, Node.js
Cloud computing: Cloud Foundry, Cloud Native Computing Foundation, Open Container Initiative
Automotive: Automotive Grade Linux
Security: The Core Infrastructure Initiative
Blockchain: Hyperledger
Context
.
DistributedLedger Technology (DLT)
A distributed ledger is a type of data structure which resides across multiple computer devices
Distributed Ledger Technology includes blockchain technologies and smart contracts.
Block:
A block refers to a set of transactions that are bundled together and added to the chain at the same time.
Transactions The record of an event, cryptographically secured with a digital signature
Cryptography has a key role to play
in the security
Timestamping is another key feature of blockchain technology.