A permissioned blockchain is a type of distributed ledger that allows only certain users to access the data and participate in the network. This is in contrast to a permissionless blockchain, which anyone can join and view the data.
There are a few key differences between permissioned and permissionless blockchains. First, permissioned blockchains typically have a higher degree of security, since only trusted users are allowed to join the network and view the data. Second, permissioned blockchains are often faster and more scalable than permissionless blockchains, since there are fewer users on the network. Finally, permissioned blockchains are more private, since only certain users have access to the data.
Permissioned blockchains can be used for a variety of applications, such as financial transactions, supply chain management, and identity management.
Other related questions:
Q: What is a Permissioned blockchain?
A: A permissioned blockchain is a type of distributed ledger that allows only certain users to access the network and participate in the consensus process. This type of blockchain is often used by enterprises and organizations that need to maintain control over their data and transactions.
Q: Can I create my own blockchain network?
A: Yes, you can create your own blockchain network. You will need to create a blockchain application and deploy it on a network of computers.
Q: What are the design issues for Permissioned blockchain?
A: 1. What are the requirements for the permissioned blockchain system?
2. What is the governance model for the permissioned blockchain system?
3. How will the permissioned blockchain system be integrated with existing systems?
4. What are the security risks associated with the permissioned blockchain system?
5. What are the privacy concerns associated with the permissioned blockchain system?
Q: Which protocol is used in Permissioned blockchain?
A: There is no one-size-fits-all answer to this question, as the protocol used in a permissioned blockchain may vary depending on the specific requirements of the permissioned blockchain in question. However, some of the more commonly used protocols in permissioned blockchains include Hyperledger Fabric, Corda, and MultiChain.
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