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Private and Public Blockchain

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Hello guys, Today I will talk about Blockchain Technology. According to Don & Alex Tapscott, author of Blockchain Revolution (2016), “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” It is mainly used for Digital currency, Bitcoin, Cryptocurrency. It take only infrastructure cost but not transaction cost. It is also a public ledger.


Public Blockchain.
  • Public Blockchain is a platform where anyone can read or write on platform. 
  • There is a lots of traffic on Public Blockchain.
  • It is considered as Decentralized Blockchain. 
Private Blockchain.
  • On Private Blockchain only owner can be able to make any changes. 
  • Other user are able to read only. 
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