Public, Private, and Permissioned Blockchains: A Comparison

You’ve probably heard a lot about blockchains with cryptocurrencies like Bitcoin and Ethereum using public blockchains. But blockchains have many more uses beyond just powering digital currencies. As the blockchain space matures, different blockchains have emerged to suit different needs. In this article, we’ll break down the differences between public, private, and permissioned blockchains so you can better understand them. Defining Public, Private and Permissioned Blockchains Public blockchains are open, permissionless, and decentralized networks where anyone can participate. They offer transparency and security but lower efficiency and scalability. Private Blockchains are closed networks where only approved nodes can join. They provide more control and … Continue reading Public, Private, and Permissioned Blockchains: A Comparison