The Differences of Private, Public and Consortium Blockchains
1. What is a Private Blockchain?
Private blockchains provide users with the absolute privacy they desire.
2. What is a Public Blockchain?
Anyone can participate and be rewarded for their contribution to attaining consensus in a public blockchain.
3. What is the Difference between Private vs Public Blockchain?
In every asset trade scenario, a blockchain was created to take out the intermediary securely. To some extent, a private blockchain allows the middleman to re-enter the picture.
4. What is a Consortium Blockchain?
A consortium blockchain is a hybrid form of public and private blockchains.
5. Is Bitcoin a Public or a Private Blockchain?
Bitcoin is a public blockchain that anybody can observe and use because it is built with open source computing codes.
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