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:
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.
