Public, Private & Permissioned Blockchains | Divyansh Rai
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Public, Private & Permissioned Blockchains
Hlo Everyone
In this article we will discussed about different types of blockchains:
- Public Blockchain
- Private blockchain
- Permissioned Blockchain
Blockchains are based on distributed ledgers, which have existed at the enterprise level for many years to manage data. However, they have only recently become popular and interesting because cryptocurrency introduced the concept to the public.
Public Blockchains
A public blockchain is one where anyone is free to join and participate in the core activities of the blockchain network. Anyone can read, write, and audit the ongoing activities on a public blockchain network, which helps achieve the self-governed, decentralized nature often touted when blockchain is discussed.
Private Blockchains
Participants can join a private blockchain network only through an invitation where their identity or other required information is authentic and verified. The validation is done by the network operator(s) or by a clearly defined set protocol implemented by the network through smart contracts or other automated approval methods.
Permissioned Blockchains
Permissioned blockchains are a mix between the public and private blockchains and support many options for customization.
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