Course Content
Basic components of Blockchain technology
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Relevant techniques in blockchain technology
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Consortium Blockchain
A consortium blockchain is a type of blockchain network where several organizations or entities work together to maintain the network. Unlike public blockchains where anyone can participate, and private blockchains where a single entity controls the network, consortium blockchains offer a middle ground.
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Cryptocurrency Investing Course
    About Lesson

    Disadvantages of public blockchain

    • High consumption of energy: the proof-of-work device requires a lot of energy and is also expensive.
    • Lower TPS(Transactions per second): the public blockchain has a large network that comprises many nodes which consume a lot of time to verify a transaction as well as do proof-of-work. This thus leads to an extremely low number of transactions per second in the public blockchain.
    • Scalability issues: the scalability is harmed due to the transactions being processed and completed slowly. This is because the more we try to expand the size of the network, the slower it will become.