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 moreIs Bitcoin public or private blockchain?
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.
Read moreWhat are real life examples of blockchain?
Here are the 10 effective applications of blockchain technology
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?
The Top 5 Enterprise Blockchain Platforms You Need to Know About
Read moreWhat are some uses for blockchain?
15 Applications for Blockchain Technology
Read more