Quorum Blockchain

Crypto terminology for 'Quote' refers to the current market price or value of a cryptocurrency, often displayed with the currency abbreviation.

Quorum Blockchain is an enterprise-focused version of the Ethereum blockchain. Developed by JPMorgan Chase, it aims to provide a secure and efficient platform for businesses to conduct transactions and manage data.One of its main features is permissioned access, allowing only authorized participants to access the network. This enhances privacy and security, making it suitable for sensitive financial transactions. Quorum also uses smart contracts, enabling automated execution of agreements when specific conditions are met.Another key aspect of Quorum is its performance. It offers high throughput and low latency, catering to the needs of businesses that require quick and reliable transactions. It achieves this through a unique consensus mechanism, which allows for faster processing times compared to traditional blockchain systems.Overall, Quorum Blockchain is designed to address the challenges faced by enterprises, providing a customizable and secure environment for managing digital assets and conducting transactions effectively.

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