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Federated Blockchain
HomeGlossary TermsFederated Blockchain

Federated Blockchain

June 28, 2023BY Ubik Capital
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When it comes to blockchain applications, a federated blockchain, or consortium blockchain, represents a privately operated network involving multiple entities, each with distinct privileges. These entities actively participate in the consensus process as transaction validators, operating nodes and possessing permissions to access specific data through specialized authentication systems. Consortium blockchains provide a compromise between centralized and distributed systems, making them suitable for enterprise and government applications that demand a certain level of control and customization.

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