Bitcoin and Ethereum are both examples of public blockchains . Anyone in the network can access the chain and add blocks. Public blockchains are also largely anonymous, unlike private blockchains, where the identity of the people involved in the transaction is not kept hidden.
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Private blockchains, which may also be referred to as managed blockchains, are permissioned blockchains controlled by a single organization . In a private blockchain, the central authority determines who can be a node.19 Ağu 2021
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Blockchain provides a way to securely and efficiently create a tamper-proof log of sensitive activity . This makes it excellent for international payments and money transfers. … Blockchain technology can be used to decrease the cost of these transfers by reducing the need for banks to manually settle transactions.
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