Public blockchains are open-source. Everyone is allowed to participate in public blockchains. The transactions taking place in public blockchain are transparent which means everyone can see the records.
Such public blockchain networks are 100% decentralized. There’s no central entity involved. They are discrimination-free, allowing people to participate from any part of the world. Thus, public blockchains cannot be shut down.
Such permissioned blockchains are mostly used by organizations for their internal communication as they wouldn’t want to disclose their data to the masses. So, they have complete control over the system and the governance protocols.
Consortium blockchains are sub-levels private blockchains. They are governed not by a single entity but a group. Hence, they tend to exhibit the characteristics of a private blockchain.
This blockchain offers more efficiency on joining hands for some parts of the business. Members of consortium blockchain include anyone from banks, governments to logistics.
A hybrid blockchain blends the features of both security elements of private blockchain and the transparency of public blockchain. Such a functionality offers freedom to the users of the network.
It can also be easily connected with other blockchain protocols. Hence, data can also be communicated between other networks at ease.
The ability to link up with various blockchains increases the security level since the cumulative hashpower is applied to the public chains.
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