Quote
Topic: If you don't like a public blockchain, go private. (Read 122 times)
Some people value their privacy and the fact that others cannot see where there funds are being moved to and from. Each to their own in that regard. I personally have no need and so little value but if people want it for themselves then let them be, it doesn't do us any harm.
He private key must remain secret at all times because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost.
Private blockchains are not the answer to privacy or restricted access to information. In fact, you can argue private blockchains should not even be on the table as an option. Nonetheless, enterprise blockchains may fail to realize any of the inherent benefits of the blockchain technology and privately developed blockchains may lack the community and academic scrutiny that is necessary to ensure their properties.
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