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Question 43 - 312-82 discussion

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A________ is a blockchain where participants of the network are already known and trusted.

A.

Permissioned ledger

Answers
A.

Permissioned ledger

B.

Hyperledger Fabric

Answers
B.

Hyperledger Fabric

C.

Smart contract

Answers
C.

Smart contract

D.

Permission less ledger

Answers
D.

Permission less ledger

Suggested answer: A

Explanation:

A Permissioned ledger is a blockchain where participants are known and trusted, and access to the network is restricted to authorized entities. Permissioned ledgers are commonly used in enterprise and consortium settings where privacy, compliance, and control over data are essential.

Key Details:

Controlled Access: In a permissioned ledger, only pre-approved participants can validate transactions and participate in the consensus process. This model ensures that all network members are identified and trusted, which is ideal for environments requiring a higher level of control and privacy.

Use Cases: Permissioned ledgers are widely used in industries such as finance, healthcare, and supply chain, where it's important to know and trust participants due to regulatory or operational needs.

Contrast with Permissionless Ledgers: Unlike permissionless ledgers (such as Bitcoin), which allow anyone to join and participate in the network, permissioned ledgers restrict participation to entities that meet specific criteria.

Thus, A. Permissioned ledger is the correct answer, as it describes a blockchain network where participants are known and trusted.

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asked 24/10/2024
Mark Anthony Mondonedo
32 questions
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