Blockchain technologies and cryptocurrencies have surged in popularity since their inception. Many individuals have raced to invest in cryptos, and the increased interest has prompted developers to explore technologies. As a result, many blockchains have emerged. There are three common types of blockchain networks – public, private and consortium – each of which serves a particular purpose, solves a specific problem, and has its own set of features.
A blockchains uses peer to peer(P2P) network to store data across millions of servers. It is sometimes referred to as decentralized, distributed ledger technology since it operates without the involvement of any third-party mediator or central authority. A distributed ledger is a type of database synced and shared by several people across different institutions and regions.
Moreover, a blockchain provides greater transparency and security that is why it is currently the most talked-about technology.
In this article, we’ll give you an overview of the three blockchain technologies that are commonly in use – public, private and consortium.
Continue reading: https://kalkinemedia.com/news/cryptocurrency/a-beginners-guide-to-blockchain-public-vs-private-vs-consortium
A blockchains uses peer to peer(P2P) network to store data across millions of servers. It is sometimes referred to as decentralized, distributed ledger technology since it operates without the involvement of any third-party mediator or central authority. A distributed ledger is a type of database synced and shared by several people across different institutions and regions.
Moreover, a blockchain provides greater transparency and security that is why it is currently the most talked-about technology.
In this article, we’ll give you an overview of the three blockchain technologies that are commonly in use – public, private and consortium.
Continue reading: https://kalkinemedia.com/news/cryptocurrency/a-beginners-guide-to-blockchain-public-vs-private-vs-consortium
