Types of Blockchain by @kawsar || 10% to @tron-fan-club
Today i will share with you Types of Blockchain in Tron Fan Club Community. I share post the details of such blockchain on various topics. I love and like to share what I know, So today I will share as much as I know about types of Blockchains.
Types of Blockchain
Blockchain is a technology that makes it easy to keep any information or data and once any information is entered into the blockchain it cannot be completely deleted so blockchain technology is becoming more and more popular day by day in the world. There are four types of blockchain.
Public Blockchains
Public blockchain is a blockchain of open source technology, transactions in this type of blockchain are very transparent, anyone can sit anywhere and view public blockchain transactions. Users of public blockchain can access all past records, manage the activities of public blockchain miners, and suggest changes. The public blockchain is independent of any central organization and has sufficient network transparency. One of the problems of public blockchain is that the transaction speed is very low or it takes a long time to complete the transaction.
Private Blockchains
The private blockchain is under someone's control and it is a small project. Anyone sitting in a private blockchain has no access to data, and access to the data requires the permission of the central authority of the blockchain. Private blockchain cannot be called complete decentralization. The transactions of private blockchain networks are much faster than those of public blockchains. It can be used in the work of a company on a small scale.
Hybrid Blockchains
The hybrid blockchain combines the features of a private blockchain and a public blockchain. However, the hybrid blockchain is not completely decentralized. Joining a hybrid blockchain gives full access to the hybrid blockchain network. Hybrid blockchain transaction fees are much cheaper. Hybrid blockchain can also be used to communicate with third parties, but this protects privacy. Transactions can be done very quickly in hybrid blockchain.
Consortium Blockchains
The consortium blockchain also integrates the features of private blockchain and public blockchain. The consortium blockchain is not controlled by a single person but is an approved blockchain. Members can access it within the respective organizations. Different organizations can be merged through the consortium blockchain, the members of the organization can access the consortium blockchain. The consortium blockchain is also very secure.
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Read the topic of the post and try to comment, thanks.
Bro your post is awesome. A lot has been learned from your post.
Thanks bro for your valuable comments.
In fact, many of us have no idea about blockchain. You discussed public blockchain and hybrid blockchain. It was very helpful and it is nice to see you posting this way. Good luck to you
Yes brother, many of us have no idea about many things. We will learn the things you know and you will learn the things I know.
You have explained carefully and informatively on the different types of Blockchain. Nice work✅
Made a very nice comment, I tried to highlight well.
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From this post many things i learn which i didn't know before. Thank you brother for sharing us
Thank you brother for your valuable feedback, we will learn from each other.