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 revolutionary type of blockchain technology, it is therefore the blockchain that attempts to use the best part of both private and public blockchain solutions. In an ideal world, a hybrid blockchain will mean controlled access and freedom at the same time.The hybrid blockchain architecture is distinguishable from the fact that they are not open to everyone but still offers blockchain features 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 number one advantage of hybrid blockchain is its ability to work in a closed ecosystem.
2.....it changes the rules when needed
3.....it also serve as protecting from 51% attack.
4....protecting privacy whiles still communicating with the outer world.

DISADVANTAGES OF HYBRID BLOCHCHAIN
1...it has the high energy dependence
2..is also the difficult process of integration 3..it has the implementation's high costs.
QUESTION 3;
CONSORTIUM BLOCKCHAIN
consortium blockchain is also known as federated blockchain ,it is a blockchain technology where instead of only a single organization, multiple organizations govern the platform. It’s not a public platform rather a permissioned platform.It’s easy, really. In private blockchain, there’s only a single organization on the platform. So, its kind of seems like a centralized entity. However, as in consortium blockchain example, multiple organizations can actually make decisions on the platform.So, there’s no way that any organization can get away with any illegal activities. Every other organization on the platform will keep it in check.Anyhow, the whole concept of consortium blockchain example came to be to help enterprises collaborate with each other. In reality, as there isn’t any single authority over the network, all the companies can come together and work on the issues.

QUESTION 4 ;
CONS OF THE CONSORTIUM BLOCKCHAIN
No matter how much pros consortium blockchain is having, it has its share of cons. One of the major disadvantages of this blockchain is being centralized, which makes it prone to attack from malicious players. Whenever the number of participants becomes limited, it is estimated of one of them to be at fault.The process of launching the consortium blockchain is very sensitive. All the members must give their approval to the protocol for communication. Since there is less flexibility found in an enterprise in comparison to SME, erecting a general network between enterprises is very slothy. whiles the PROS OF THE CONSORTIUM BLOCKCHAIN are the element of privacy is much in consortium blockchain since the information from the checked blocks is unknown to the public view. But any member belonging to this blockchain can access it. Unlike a public blockchain, there are no fees for transactions in the consortium blockchain.
Another difference that sets apart consortium blockchain from public blockchain is its feature of flexibility. There are possible problems related to mutual agreement and synchronization in public blockchain by maximum validators. Such kind of divergence gives rise to forks. But this does not happen in a consortium.

IN CONCLUSION
If you are keen for the economic growth of your business, while holding cooperation with firms, then consortium blockchain promises you with optimization and greater communications between the parties. I hope you all here on this platform to stay safe .
THANK YOU