Distributed ledger

Transparency

Consensus mechanism

Centralized control

Proof of Authority (PoA)

Proof of Work (PoW)

Delegated Proof of Stake (DPoS)

Proof of Stake (PoS)

Proof of Authority (PoA)

Proof of Work (PoW)

Delegated Proof of Stake (DPoS)

Ripple Protocol Consensus Algorithm (RPCA)

A legal agreement between two parties

A computer program that automatically executes the terms of a contract

An electronic signature used to verify the authenticity of a contract

An encrypted document used to store sensitive contract data

It is easier to scale and handle large transaction volumes

It can be controlled and governed by a central authority

It is more resistant to censorship and attacks

It provides faster transaction confirmation times

A type of digital currency used in blockchain transactions

A cryptographic technique used to secure blockchain data

A way to authenticate the identity of the sender of a message

A situation where the blockchain splits into two separate chains with different data

It is easier to scale and handle large transaction volumes

It can be controlled and governed by a central authority

It can be slower and less efficient than centralized systems

It is more vulnerable to hacks and security breaches

They are less disruptive to the network than soft forks

They allow for greater backward-compatibility with previous versions

They enable significant changes to the network's rules or protocol

They ensure that all nodes in the network must update to the new version

A situation where the blockchain splits into two separate chains with different data

A type of digital currency used in blockchain transactions

A minor change in the network's rules or protocol that is backward-compatible with previous versions

A way to authenticate the identity of the sender of a message

A situation where the blockchain splits into two separate chains with different data

A cryptographic technique used to secure blockchain data

A proof-of-work algorithm used to validate new blocks in the blockchain

An attack where a single entity controls more than half of the network's computational power