Get Quote

Serving Industries Worldwide

Innovative Ways - Satisfied Clientele

Public blockchain v/s Private blockchain

iFour Team - 6 Feb 2018

Public blockchain vs Private blockchain
When it comes to secured online transaction technology, blockchain is trending and a front runner choice of many blockchain software companies. Though Blockchain is less understood concept but it has sparked great deal of discussion on internet these days.

  • What is Blockchain?

  • How blockchain can be used for secured online transactions?

  • What is Private blockchain?

  • What is Public blockchain?

  • What technology is suitable for blockchain?

  • How blockchain and bitcoin related?

These are some of the key questions put in front of leading blockchain software development companies in India.

Let us first understand about similarities between Public blockchain and Private blockchain and then we list down differences between Public blockchain and Private blockchain.

Similarities of public and private blockchain

  • Both blockchains are decentralized on peer-to-peer networks, and participant maintains a replica of digitally signed transactions.
  • Both maintain the replicas through a protocol referred to as consensus.
  • Both provide certain guarantees digitally signed transactions, even when some participants are faulty or malicious.

Public Blockchains

  • Public blockchains are easy to access for anyone like Bitcoin and Ethereum
  • In Public blockchains no one controls the information which is on the blockchain or the laws of the blockchain
  • Custom software development company in India use solidity contract writing language to

    develop custom blockchain app

    that can use public blockchain for transaction based on ethereum.
  • No one can the change the protocols of the public blockchain and the information contained on the blockchain according to the users.
  • So users of a public blockchain can put their complete trust in a third party apps in order to use the blockchain

Private Blockchains

  • The private blockchains are blockchains which are operated by an organization for their internal purpose
  • Private blockhain Network puts restriction to the entry of participant and allows only the kind of participant that is required in the network.
  • User needs the permission to use the private blockchains or requires an invitation and must be validated by owner or starter of private blockchains
  • The transactions in private blockchain is faster and easy when compared to the public blockchain like Bitcoin blockchain.
  • Private blockchain network increase privacy but it is less secured as compared to public blockchain.

Tags

.net .Net 5 .Net Applications .NET Core .Net Core 3.0 .NET Core vs .NET framework .Net Development .Net Development Tools .Net Localization .Net Trends 3D Mobile Application Development Advanced SEO Techniques AGILE Amazon API Android Angular Angular 7 Angular 7 features Angular 7 improvements Angular 7 updates Angular 9 Angular 9 Cons Angular 9 Features Angular 9 Pros Angular CLI Angular Development Angular Framework Angular Js Angular vs AngularJS AngularJS App Store Optimization Application Development ASO asp.net ASP.Net App Development ASP.Net CMS ASP.Net CMS for Web Development ASP.Net Core ASP.Net Core 3.0 ASP.Net Core Development ASP.Net Core Software Companies ASP.Net Development ASP.Net vs ASP.Net Core Augmented Reality aureliaJS Authentication in Ionic 4 AWS Azure AD backboneJS Best CRM Tools Best Platform for eCommerce Development big data bitcoin Blazor Blockchain Blockchain Adoption Blockchain Archietecture Blockchain Component Blockchain Component and Consensus Mechanism Blockchain Component and Markel Tree Blockchain Consensus Algorithm Blockchain Consulting Blockchain Consulting Companies India Blockchain Development Blockchain Development Company Blockchain Development Cycle and Development Cycle Blockchain Distributed System and Distributed System Blockchain Healthcare Industry Blockchain Platforms blockchain software companies Blockchain Technology Blockchain technology and Blockchain software companies Blockchain Uses Boilerplate Boilerplate Entity Framework Build Angular Applications c# C# Development categories Challenges in Magento Migration Challenges with Cloud Migration Chart FX Charting tools Cheque payments Cloud Migration CMS Common Cloud Migration Challenges Content Management System Contract in Solidity Copyright Registrat Copyright Registration Copyright Registration for Games Copyright Registration for IT Products Copyright Registration for Software COVID-19 Pandemic crm Cross Platform Web Apps Cross-Site Scripting Cryptocurrency custom software companies custom software development Custom software development in India DBA Debugging Tools of C# Design Patterns in C# DevExpress DevOps Tools digital currency Digital India Digital locker Digital Payment Docker DotNetNuke E-Governance eCommerce eCommerce Development eCommerce Platform ecommerce solution ecommerce solution providers eCommerce Trends EFTPOS payments eGovernance Email Marketing Email Marketing Tips Ember Js emberJS Emerging eCommerce Trends Enterprise resource planning erp Ethereum Etherium Evolution of NodeJS Factors to Choose eCommerce Platform Features of ASP.Net core Features of Node 12 Frontend Development Frontend Language Fusion Chart Future of Mobile App Development Companies Google Assistant hadoop HDFS Healthcare Technology Trends Healthcare Trends Helathcare Industry Highcharts Hire ASP.Net Developer Hire Software Developer Hybrid Mobile App Hybrid Mobile App Development Hyperledger and Quorum Improvement of Node 12 Infragistics Insecure direct object references insufficient attack detection Insurance Insurance Industry and Blockchain Technology in Insuranc Introduction of .Net 5 Ionic 3 Ionic 3 vs Ionic 4 Ionic 4 Javascript JavaScript Add-in JavaScript frameworks JSON-RPC Kentico knockoutJS Lead Generation Learning Management Systems Ledger Technology Linkedin Marketing Litecoin and Ri LMS Magento Migration Make Database Faster Make Database Secure Marketing Marketing Platforms 2020 Marketing Strategies Marketing Strategies during Pandemic Marketing Strategies for Software Companies Meteor Js MeteorJS Microsoft Chart Minimize Downtime while WFH Minimize Productivity Loss Mobile App Development Mobile app development company Mobile App Development Ideas mongodb MongoDB and Blockchain software companies Multi Cloud Aoption Multichain Blockchain MVC MWS Need of Angular CLI Net Core Nevron nHibernate Node 12 Node JS Node JS App Development Node JS Development Node JS Framework nodejs NodeJS 14 NodeJS Development NodeJS History NodeJS Technology NodeJS Web Development NopCommerce NoSQL Online payments ORM Outsource Web Development Outsourcing Development Services Parity Payment gateways Permissioned Blockchain PHP Frameworks POC Podcast SEO polymerJS PowerShell private blockchain Product Development Programming Languages Project management Project Management Software Project Management Software Recommendations Project Management Tools public blockchain QA Quality Assurance Quality Assurance Strategies Questions for Software Developers React React Framework React Js React vs Angular ReactJS SciChart SCRUM scrum workflow Secure web application Security Tips for .Net App Development Security Tips for .Net Development Security Tips for eCommece SEO Techniques SEO Tips for Podcast Shopify SignalR Siri of apple Smart Contracts Software software development Software Development Agency Software Development Trends Software Monitoring Tools software outsourcing Software Outsourcing Agency Software Outsourcing Challenges Software outsourcing companies india Solidity Supply Chain Management Technology News Telerik AppBuilder Telerik RadChart Top 10 PHP Frameworks Training Systems Tutoring Software Development Typescript uCommerce Umbraco Unvalidated Redirects and Forwards Usability Use of Blockchain in Businesses User-Friendliness vb.net Video Conferencing Software Development Virto commerce Visual Studio Visual Studio Code Visual Studio Extensions VMO VSTO VSTO Add-in Vue Framework Vue Js Vue.js vueJS web api web application security Web Designing Web development Web Development Trends Web Security Tips Web software development companies what is Angular 9 Why Hire Software Development Agency Work from Home Xamarin YouTube Marketing YouTube Marketing Tips Znode


category

recent post

  • 21 Sep 2020 Today, in this tech-savvy era, Multi-cloud architecture adoption is... [ more ]
  • 17 Sep 2020 Outsourcing has become the most admired method nowadays in many domains... [ more ]
  • 17 Sep 2020 The digital activity has now made itself present worldwide. The innovations... [ more ]

archive

Copyright 2020 iFour Technolab Pvt. Ltd. all the rights reserved.