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Blockchains only work to store financial transactions or other exchanges of monetary value.
What is provided by the Hyperledger Fabric to facilitate network communications?
How many peers in the network need to endorse a transaction in a Hyperledger Fabric blockchain?
The number of peers required to endorse a transaction is driven by the endorsement policy that is specified at chaincode deployment time.
In Hyperledger there are three distinct types of nodes.
What are the three types of nodes? (Select three.)
1. Client Node: That initiates the transaction
2. Peer Nodes: Commits Transaction & keeps the data in sync across the ledger
3. Ordered: They are the communication backbones and responsible for the distribution of
the transactions.
In Hyperledger, all Nodes are NOT equal. There are three distinct types of nodes: 1. Client Node: That initiates the transaction 2. Peer Nodes: Commits Transaction & keeps the data in sync across the ledger 3. Ordered: They are the communication backbones and responsible for the distribution of the transactions
Your company working for is now considering the blockchain. They would like to perform a POC with R3 Cord
a. The CIO was reading about different blockchain consensus algos and would like to understand what type of consensus algos is used with Corda.
What is the best answer?
Corda does not share the same requirements as Bitcoin: we require absolute certainty over transaction finality and we need to know who our counterparts are. So we had the freedom -- and took this opportunity -- to solve the consensus problem in a different way. In particular, Corda solves the privacy issue in a number of manners, primarily by allowing for separation of consensus into a service which we call the Notary Cluster. Corda was designed for business from the start. It has no cryptocurrency built into the platform and does not require mining-style consensus, which imposes great cost with little business benefit.
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