Report post

What are the different types of blockchain technology?

At a glance, there are four different major types of blockchain technologies. They include the following. A public blockchain is one of the different types of blockchain technology. A public blockchain is the permission-less distributed ledger technology where anyone can join and do transactions.

What is hybrid blockchain?

Hybrid blockchain is best defined as a combination of a private and public blockchain. It has use-cases in an organization that neither wants to deploy a private blockchain nor public blockchain and simply wants to deploy both worlds’ best. Example of Hybrid Blockchain: Dragonchain, XinFin’s Hybrid blockchain What Are the Advantages?

What is a blockchain and how does it work?

It lets organizations set up a private, permission-based system alongside a public permissionless system, allowing them to control who can access specific data stored in the blockchain, and what data will be opened up publicly.

What are the advantages of public blockchains?

One of the advantages of public blockchains is that they are completely independent of organizations, so if the organization that started it ceases to exist the public blockchain will still be able to run, as long as there are computers still connected to it.

The World's Leading Crypto Trading Platform

Get my welcome gifts