Blockchain

Consortium Blockchain

· 1 min read

A hybrid of public and private blockchains that contains both centralized and decentralized features. Governance is shared among a predefined group of organizations rather than being fully open or fully closed.

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Consensus Algorithm Custodial Wallet

Related Terms

Proof of Work (PoW)

A decentralized consensus mechanism that requires network participants (miners) to expend computational effort by solving…

Smart Contract

A self-executing program stored on a blockchain that automatically carries out predefined actions when specific…

Mining

The process of producing new cryptocurrency units by using computing hardware to solve cryptographic puzzles,…

Consensus Algorithm

A mechanism — a set of rules and requirements — that allows users or nodes…