New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the purpose of a "private blockchain"?

    A To create a new cryptocurrency Correct Answer Incorrect Answer
    B To restrict access to a select group of participants for increased privacy and control Correct Answer Incorrect Answer
    C To implement a more secure consensus mechanism Correct Answer Incorrect Answer
    D To make transactions faster and cheaper Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    To restrict access to a select group of participants for increased privacy and control

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