Exploring Federated Blockchain A Comprehensive Overview
Exploring Federated Blockchain: A Comprehensive Overview
Understanding Federated Blockchain Technology
Federated blockchain technology is a revolutionary approach to decentralized networks, offering unique solutions to some of the key challenges faced by traditional blockchain systems. Unlike public blockchains where anyone can participate in the consensus process, federated blockchains restrict the consensus mechanism to a pre-defined group of nodes or validators. This selective participation enables federated blockchains to achieve higher scalability and throughput while maintaining a certain level of decentralization and security.
Federated Blockchain: Advantages and Applications
One of the primary advantages of federated blockchain is its enhanced scalability. By limiting the