Question

Consortium Blockchain provides a faster and more protected ecosystem than a Private Blockchain?


True


False

Answer 1

A consortium blockchain is a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, one might imagine a consortium of 15 financial institutions, each of which operates a node and of which 10 must sign every block in order for the block to be valid.

Private) Blockchains. A blockchain is a continuously growing list of records called blocks, these blocks are linked and secured using cryptographic algorithms. Each block typically contains a hash (a link to a previous block), a timestamp as well as transaction data.

this statement is wrong

the reason is that private block chains use hash functions

that's why they are faster

Answer 2

The answer is true. Consortium blockchain is fast because it is party based on the private chain.

It offers a lot of benefits as the private chain offers to the users.

It is a centralised system which gives entry to the high security users only.

Hence, the statement given is true.