What are Different Types of Blockchain?

The most talked-about aspect of technology is blockchain technology, which provides tools and processes activities while also evolving with new opportunities. As such, it is one of the most discussed aspects that you may also have heard about, isn't it?


Let's look at the different types of blockchain:


types of blockchain


1) Public blockchain


It is a permission-free blockchain where anyone can become part of the network without any limitations. And the majority of cryptocurrency types prefer this over others that are controlled by consensus algorithms or rules.



2) Private blockchain


It is a permissioned blockchain network that allows institutions to set some limitations on who will have access to the blockchain's information. And only users with permissions can access certain sets of information.



3) Consortium


It is a network where consensus procedures (mining procedures) are tightly controlled by a set of preselected nodes (miners) or by a selected number of stakeholder organisations.

Hey, buddies I am Leema, an explorer of the Defi world for more than 5 years now. I decided to share my knowledge on this platform. You all are welcome to my account, where every piece of information about Defi will be written for you. A space to bring beginners up to advanced levels.
Follow
4.7 Star App Store Review!
Cpl.dev***uke
The Communities are great you rarely see anyone get in to an argument :)
king***ing
Love Love LOVE
Download

Select Collections