Definition of Permissioned Blockchain

It is a private blockchain where the nodes must be previously authorized by a central entity. The transactions included in the general ledger, a limited consensus test was carried out and carried out by trusted participants, being easier to maintain and faster than free access networks.

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Related Terms

Wallet

Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.

Second-Layer Solutions

Secondary network or framework built atop an existing blockchain to address transaction speed and scalability issues.

Ethereum Virtual Machine (EVM)

Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.

Mnemonic Phrase

A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.

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