What is the difference between public and private blockchains?
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Discussion
What is the difference between public and private blockchains?
Answers 1
- Public Blockchains are permissionless and open to anyone connected to the internet, offering decentralization, transparency, and security. Bitcoin, Ethereum, and Solana are examples.
- Private Blockchains are restrictive and operate within closed networks, suitable for internal use within organizations. Examples include Hyperledger Fabric and R3 Corda.