How Does a Private Blockchain Differ from a Public One

question 23

Multiple Choice

How does a private Blockchain differ from a public one? Select all that apply.

• A) A private Blockchain does not use proof of work consensus
• B) A private Blockchain is more efficient and has faster transaction times
• C) A private Blockchain is not distributed
• D) A private Blockchain often requires the identity of users to be known

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Definitions:

Discount

A reduction in the price of a good or service, typically to encourage purchase.

Cash Interest

The actual amount of interest paid in cash by a borrower during a given period for the use of borrowed funds.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt for a specific period.

Issuing Company

A corporation or entity that releases or sells financial instruments like stocks or bonds to raise capital.