Consortium Blockchain provides a faster and more protected ecosystem than a Private Blockchain?
True
False
Answers
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
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.