What Is Federated Blockchain? Give Examples

DWQA QuestionsCategory: BlockchainWhat Is Federated Blockchain? Give Examples
Editor Staff asked 1 month ago

What Is Federated Blockchain? Give Examples

1 Answers
Editor Staff answered 1 month ago

Federated blockchain is a blockchain that is run by a group. This makes them faster and scalable as the group dedicates the validation of the transactions. To get started, pre-selected nodes are made by leaders. These nodes that dictate both the transactions and also the persons that can participate in the blockchain. Examples include EWF, R3, etc.