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Cryptocurrency Knowledge Test
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A consortium of international banks wants to create a private, permissioned blockchain for settling cross-border payments. The network requires high transaction throughput and fast finality, and all participants are known and have a degree of trust. Which consensus mechanism would be most suitable for this scenario?
Proof-of-Work (PoW)
Proof-of-Stake (PoS)
Practical Byzantine Fault Tolerance (PBFT)
Proof-of-Burn (PoB)
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Correct Answer:
Practical Byzantine Fault Tolerance (PBFT)
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