Computer Science, asked by jamesmarc12211, 1 year ago

Multichain is an example of _______.

Answers

Answered by devsathakur15
9

Multichain is by design a private blockchain. As such it is ideally used for internal purposes for instance within the private network of a company. The reason why you cannot find Multichain crypto currencies is that in most cases the currencies are used within an organisation as a form of tokens or something similar.

hope it will help you :-) :-) :-) :-)

by devsa thakur

Answered by gratefuljarette
1

Multichain is an example of a private blockchain.

Explanation:

  • Blockchain is a crypto company that provides services for a secure transaction between two parties.
  • Blockchain is of three types.
  • Public blockchain: Example: Bitcoin, Factom, etc.
  • Private blockchain: Example multi-chain, block stack, etc.
  • Consortium blockchain: Example: Ripple, R3, etc.
  • Multi-chain is a type of private blockchain which helps us to create a private and secure transaction.

Learn more about Blockchain

Private Blockchain allows organizations who have privacy and compliance regulations to implement Blockchain.

https://brainly.in/question/5562945

What is blockchain technology?

https://brainly.in/question/4289147

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