What is the difference between public and private blockchain? 🔊
Public and private blockchains differ mainly in access and control. Public blockchains are open to everyone, allowing anyone to participate in the network, validate transactions, and access the ledger. This promotes transparency and decentralization. In contrast, private blockchains are restricted, where only authorized users can access the network and make changes, providing greater privacy and control, often used by organizations for internal operational efficiency and security.
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