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A private (or restricted) DLT network:Group of answer choiceshas a system administrator.can provide higher levels of security than public/unrestricted networks.only permits authorised participants to access the DLT network.Is not open to the general public

Question

A private (or restricted) DLT network:Group of answer choiceshas a system administrator.can provide higher levels of security than public/unrestricted networks.only permits authorised participants to access the DLT network.Is not open to the general public

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Solution

A private (or restricted) DLT (Distributed Ledger Technology) network:

  1. Has a system administrator.
  2. Can provide higher levels of security than public/unrestricted networks.
  3. Only permits authorized participants to access the DLT network.
  4. Is not open to the general public.

Here's the step-by-step explanation:

  1. System Administrator: In a private DLT network, there is typically a system administrator who has the authority to manage the network, including granting access permissions to participants.

  2. Higher Levels of Security: Because access to the network is restricted, private DLT networks can provide higher levels of security than public networks. They are less vulnerable to attacks because they have fewer points of entry.

  3. Authorized Participants: Only individuals or entities that have been granted permission by the system administrator can access the network. This can help to ensure that all participants are trustworthy.

  4. Not Open to the Public: Unlike public DLT networks, which anyone can join, private DLT networks are not open to the general public. This can make them more suitable for certain applications, such as financial transactions or confidential business operations.

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