Nov 16, 2020 in BlockChain
Q: What are the different types of Blockchain?

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Nov 16, 2020

What are the different types of Blockchain?

There are three different types of Blockchain - Public, Private, and Consortium Blockchain.

Public Blockchain ledgers are visible to all the users on the internet and any user can verify and add a block of transactions to the Blockchain. Examples, Bitcoin, and Ethereum.

Private Blockchain ledgers are visible to users on the internet but only specific users in the organization can verify and add transactions. It’s a permissioned blockchain, although the information is available publicly, the controllers of the information are within the organization and are predetermined. Example, Blockstack.

In Consortium Blockchain, the consensus process is controlled by only specific nodes. However, ledgers are visible to all participants in the consortium Blockchain. Example, Ripple.

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