What Are Consortium Blockchains?
What are consortium blockchains? These are networks that are composed of preset nodes and have access controls. This kind of network has fewer nodes than a public blockchain, but is also more secure and scalable. It has also reduced the load on the network and allows for more security. While it is less transparent than a public chain, it still has some risks. For instance, a breach in a member node can compromise the entire network. Furthermore, the regulations and rules that govern the use of the technology can affect its functioning. A consortium blockchain is a type of network…
