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What are the different types of blockchains?

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Types of Blockchains: Unveiling Diversity 1. Public Blockchains: Accessibility: Open to anyone. Decentralization: Distributed across a wide network. Example: Bitcoin, Ethereum. 2. Private Blockchains: Access Restricted: Limited to authorized participants. Control: Centralized governance. Use Case:...
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Types of Blockchains: Unveiling Diversity

1. Public Blockchains:

  • Accessibility: Open to anyone.
  • Decentralization: Distributed across a wide network.
  • Example: Bitcoin, Ethereum.

2. Private Blockchains:

  • Access Restricted: Limited to authorized participants.
  • Control: Centralized governance.
  • Use Case: Enterprise applications, internal processes.

3. Consortium Blockchains:

  • Shared Control: Multiple organizations collaborate.
  • Permissioned: Restricted membership.
  • Advantage: Balances decentralization with controlled access.

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