What Are Private Blockchains and What Purposes Do They Serve?
November 1, 2017
Education

These days, the market is filled with both public and private blockchains, yet due to their similarities, many people tend to confuse the two. In this article, we will attempt to eliminate the confusion surrounding private blockchains and their purposes. The Similarities Both public and private blockchain networks are decentralized and distributed P2P ledgers that safely record and store information through transactions. Additionally, both provide immutability guarantees and are kept in sync …
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