Real-World Blockchain Applications - Enterprises | Blockchain Central

The video discusses enterprise blockchains, focusing on public, consortium, and private types. Public blockchains are decentralized and open, while consortium blockchains have controlled consensus. Private blockchains are centralized but offer privacy and speed. The video compares private and public blockchains, highlighting their respective advantages and disadvantages. It concludes with a summary and a disclaimer about the content not being financial advice.

What is a key characteristic of public blockchains?

• They are controlled by a single organization.

• They are only used by financial institutions.

• They require permission to read and write.

• They are open to anyone for reading and participating.

Which type of blockchain is partially decentralized and involves a pre-selected set of nodes?

• Public Blockchain

• Consortium Blockchain

• Private Blockchain

• Hybrid Blockchain

What is one advantage of private blockchains over public blockchains?

• Open to all participants

• More decentralized

• Increased privacy and control

• Higher transaction costs

How do public blockchains protect users from developers?

• By allowing developers to change rules easily

• By placing limitations on developers

• By centralizing control

• By restricting access to certain nodes

What should enterprises consider when choosing a type of blockchain?

• The color of the blockchain interface

• The specific needs and benefits of each type

• The popularity of the blockchain

• The number of nodes involved