Private and Public Blockchain – What’s the difference?
Public vs. Private Blockchain The difference between public and private blockchain is related to the type of participants allowed within the network that maintain the ledger and execute the consensus protocol. One of the most critical questions often asked is the difference between a Public and Private Blockchain, and which of these two structures is most suited for a particular use case. On one hand, transactions on a public blockchain are publicly transparent and immutable (data cannot be tampered with or altered in any way) but this could pose as a barrier for businesses that want to keep customers’ data confidential. On the other hand, private blockchain are much faster and scalable, but it is more centralized and could be prone to manipulation. Public Blockchain Public blockchain are those like the Bitcoin blockchain , where anyone can become a participant in the network: either by completing a transaction or by starting their own node of the blockc...