These four categories form the foundation of the Blockchain Technology:
- Private Blockchain
- Public Blockchain
- Consortium Blockchain
- Hybrid Blockchain
Private Blockchain
When compared to public block chains, these private blockchain technologies are more secure since only a private guide may contribute to the process. They are not as accessible as a public blockchain network, as these are only accessible to certain authorised users. Private block chains run on a closed network and only a few people are allowed to participate in a system within a company or organisation in this case.
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