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Thursday Mar 22nd 2018

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Consortium Chain

Definition of "Consortium Chain"

A blockchain where the consensus process is controlled by a pre-selected set of nodes; it provides a hybrid between the "low trust" provided by trustless public blockchains and the "single highly trusted entity" model of private blockchains. A consortium-controlled chain can be solely visible to the involved entities, or accessible to the public in full or in part.

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