STEEMKIDS CRYPTO ACADEMY WEEK 7/TYPES OF BLOCKCHAIN /PART 2/10% PAYOUT TO STEEMKIDS
It is my pleasure to participate in this contest, thanks to you @steemkids for given us this amazing contest. I am very glad that I am able to participate in this contest in this lovely community.
QUESTION 1;
HYBRID BLOCKCHAIN
Hybrid blockchain is a thoroughgoing type of blockchain technology, it is therefore the blockchain that try to use the best part of both private and public blockchain infusions. In other way round, a hybrid blockchain means to managed access and freedom at the same time.The hybrid blockchain construction is distinguishable from the reality that they are not unbolted to everyone but still provide blockchain attributes such as integrity, transparency, and security.
INTEGRITY;is the quality of being honest and having strong moral principles.
TRANSPARENCY; is a state of profound abstraction or absorption.
SECURITY;it is a thing deposited or pledged as a guarantee of the fulfilment of an undertaking or the state of being free from danger or threat.
QUESTION 2;
ADVANTAGES OF HYBRID BLOCHCHAIN
1.....".The firs class advantage of hybrid blockchain is the ability to work in a closed ecosystem.
2.....it commutes the count order when needed
3.....it also serve as shield from 51% attack.
4.... safeguard privacy whiles still communicating with the exterior world.
DISADVANTAGES OF HYBRID BLOCHCHAIN
1...it has the high energy vulnerability
2..is also the difficult act of integration
3..it has the execution high costs.
QUESTION 3;
CONSORTIUM BLOCKCHAIN
consortium blockchain is also noted as federated blockchain ,it is a blockchain technology where by choice of only one organization, multiple organizations rules the platform. It’s not a popular platform rather an authority platform.It’s easy indeed. In private blockchain, there’s only one organization on the platform. So, its type seems like an amalgamate entity. However, as in consortium blockchain such us, multiple organizations can actually make commitment on the platform.So, there’s no method that any organization can get apart with any criminal activities. Every other firm on the platform will keep it in check.Anyhow, the whole idea of consortium blockchain for instance, came to be to help undertaking collaborate with each other. In truth, as there isn’t any one authority over the network, all the organizations can come together and toil on the issues.
QUESTION 4 ;
CONS OF THE CONSORTIUM BLOCKCHAIN
No matter how pros consortium blockchain is posses, it has its bit of cons. One of the crucial disadvantages of this blockchain is esse centralized, which makes it prone to strike from spiteful players. Whenever the number of contributors becomes restricted, it's consider of one of them to be at guilt.The way to float the consortium blockchain is very tactful. All the participants must give their acceptance to the protocol for connections. Since there is less pliability found in an exercise in juxtaposition to SME, erecting a universal network between ventures is very slothy. whiles the PROS OF THE CONSORTIUM BLOCKCHAIN are the component of privacy is greatly in consortium blockchain since the details from the look over blocks is well known to be the general view. But any participant belonging to this blockchain can ingress it. Unlike a general blockchain, there are no cost for deals in the consortium blockchain.
Another differentiation that lay down apart consortium blockchain from general blockchain is its characteristics of flexibility. There are viable issues related to mutual concurrence and synchronization in public blockchain by highest validators. Such type of separation gives revolt to split. But this does not take place in a consortium.
IN CONCLUSION
If you are eager for the economic extension of your business, while holding collaboration with enterprises, then consortium blockchain pledge you with upgrades and considerable communications towards the parties. I hope you all here on this platform to stay safe .
THANK YOU