In a public blockchain, anyone is free to join and participate in the core activities of the blockchain network. A private blockchain allows only selected entry of verified participants ; the operator has the rights to override, edit, or delete the necessary entries on the blockchain.
Read moreWhat is public blockchain example?
Bitcoin is an example of a public blockchain . With a public blockchain, there is not a single authority that can alone control how the state of the blockchain evolves. The decisive feature why a public blockchain is public is because there are no restrictions on new participants.
Read moreWhat are real life examples of blockchain?
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Read moreHow is blockchain used today?
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.
Read moreWhat are the main blockchains?
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Read moreWhat are some uses for blockchain?
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