What are the Differences between Private and Public Blockchain?

Private blockchain networks are typically used within organizations to manage data and transactions between members, whereas public blockchains are more commonly used for handling transactions with the general public. The main difference between private and public blockchains is that private blockchain networks are not publicly accessible and can only be accessed by authorized members of the organization. In contrast, public blockchains are publicly accessible and can be used by anyone. Additionally, private blockchain networks require a higher level of security than public blockchains because they are designed to be more secure and tamper-proof.

Companies use a private blockchain to share information among them securely. This type of blockchain is often used for business-to-business transactions. A public blockchain, on the other hand, is open to anyone who wants to participate. This type of blockchain is often used for cryptocurrencies like Bitcoin. The advantage of using a public blockchain is that it allows anyone worldwide to verify transactions without having to go through a third party.

Read more here: Private vs Public Blockchain