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Public vs. Private Blockchains: Bitcoin, Ethereum, Hyperledger

What difference does it make?


You might be familiar with Bitcoin, Litecoin, or all the other cryptocurrencies. What about blockchain? Apart from knowing that it is the basis of all crypto, what other real-world use cases does blockchain technology bring? Or simply, what are the differences between a public and a private blockchain? Which is better?


Public vs private: Same but different?


In a nutshell, public and private blockchains are two very different things.


Most of us understand the rationale behind blockchain – a distributed, decentralized public ledger that stores lists of records in blocks that are interconnected to each other through cryptography, thus ensuring the confidentially of the transactions. They are time-stamped, immutable and not managed by any central authorities or computers. Read More...

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