Cryptocurrency Q&A
What is the advantage of a public blockchain?
What is the advantage of a public blockchain?
Federico
Thu Dec 26 2024
|
5 answers
821
I want to understand the benefits of using a public blockchain. I'm curious about its advantages over other types of blockchain networks.
5 answers
SsangyongSpirit
Sat Dec 28 2024
Public blockchains are known for their extensive accessibility, enabling a broader range of users to participate and interact with the network.
Was this helpful?
51
56
Bianca
Sat Dec 28 2024
They foster innovation by allowing developers to build and deploy decentralized applications on top of the blockchain.
Was this helpful?
187
82
Lorenzo
Sat Dec 28 2024
Security is a significant advantage of public blockchains, as they utilize cryptographic techniques to ensure the integrity and authenticity of transactions.
Was this helpful?
318
84
Raffaele
Sat Dec 28 2024
Transparency is another key feature, as all transactions are publicly visible and verifiable on the blockchain.
Was this helpful?
53
40
Enrico
Fri Dec 27 2024
On the other hand, private blockchains offer more control and privacy to participating entities. They are often used in scenarios where data privacy and confidentiality are paramount.
Was this helpful?
212
53
Related questions
- What is the name of the Dubai cryptocurrency?｜Jumping on the bandwagon, Dubai has launched its own cryptocurrency -- DubaiCoin (DBIX). Based on a public blockchain, the crypto is trading on a select number of exchanges. Public blockchain will allow people to generate their own DubaiCoin by mining them.
- Is crypto the same as a public blockchain?
- What is the advantage of a public blockchain?
