Consortium Blockchain
Beginner
Glossary
Nov 14, 2023
3 min read
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Detailed Summary
In the rapidly evolving world of blockchain technology, the term "consortium blockchain" has emerged as a pivotal concept. This guide aims to provide a thorough understanding of consortium blockchains, delving into their mechanics, advantages, real-world applications, and how they differ from other blockchain types.
What is Consortium Blockchain?
Definition and Key Features
A consortium blockchain is a type of blockchain where the consensus process is controlled by a pre-selected set of nodes. This is in contrast to public blockchains like Bitcoin, where anyone can participate in the consensus process, and private blockchains, where a single organization has control.