What are some examples of permissioned blockchains in the cryptocurrency industry?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! One example of a permissioned blockchain in the cryptocurrency industry is Hyperledger Fabric. Hyperledger Fabric is a blockchain framework that allows organizations to create private, permissioned blockchain networks. Participants in the network are required to have permission to join and interact with the blockchain. This type of blockchain is often used in enterprise settings where privacy and control over the network are important.
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• Nov 23, 2021 · 3 years ago
  Absolutely! Another example of a permissioned blockchain is R3 Corda. R3 Corda is a distributed ledger platform designed for businesses. It allows participants to transact directly with each other in a secure and private manner. Unlike public blockchains like Bitcoin, R3 Corda requires permission to join and access the network. This makes it suitable for industries that require strict privacy and confidentiality, such as finance and healthcare.
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• Nov 23, 2021 · 3 years ago
  Well, if you're looking for more examples, you might want to check out BYDFi. BYDFi is a permissioned blockchain platform that focuses on decentralized finance (DeFi) applications. It offers a secure and transparent environment for users to engage in various financial activities, such as lending, borrowing, and trading. With BYDFi, participants need to obtain permission to join the network and access its features. It's gaining popularity in the DeFi space due to its robustness and user-friendly interface.
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