Public and Private blockchain? | Bitcointalksearch.org

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: Dima2025 on April 11, 2023, 04:52:53 AM

Hello all
Is someone know what is the different between a public and a private blockchain, and how do they each support different use cases and industries?

From the word decentralized and open-source code which are open to everyone and allow anyone to participate in the network, it must be a public blockchain. So a great example here is bitcoin because of its transparency and decentralized nature.
In private blockchain is a centralized project --which are designed to be more restricted in terms of access and participation.
The best example is Ripple or the XRP.

I encourage you to make some research on your own.
It could be Google is your friend to ask regarding this matter.

Dartfroost10

newbie

Activity: 4

Merit: 0

From my little idea
private blockchain is own and managed by a single organization and only verified individuals can gain access.
While public has to do with something general, anyone with internet access can join.

Blurr007

newbie

Activity: 24

Merit: 0

A private blockchain is controlled by an organization that works alone and only verified members can join their network.

A public blockchain is opened to everyone that is connected to the internet.

Orpichukwu

sr. member

Activity: 658

Merit: 387

To the best of my knowledge, public blockchain are the ones that allow other tokens to be under them.
Why the private public blockchain are those that are just their on their own, no other token under them.

Dima2025

newbie

Activity: 1

Merit: 0

Hello all
Is someone know what is the different between a public and a private blockchain, and how do they each support different use cases and industries?

Topic: Public and Private blockchain? (Read 79 times)