Public Blockchain All you need to know about
Public Blockchain while you say the word "public" you know the Meaning of the WordAnyone can participate in the Public Blockchain.
Public Blockchain is decentralized Blockchain
Public Blockchain is Distributed and it has Public Digital Ledger
Public Blockchain ledger Public Digital Leger is used to Record all the Transaction
No permission is required in the Public Blockchain
Public Ledger is decentralized since its is decentralized this reduces the cost of creating
and running decentralized Applications
How Public Blockchain Works?
Anyone can Perform transaction on the Network (Public Blockchain) Anyone can start Mining can also run the Full node BTC/LTC example Bitcoin, Litecoin Public Blockchain gives Permission for anyone can Read Transaction on Public Book Anyone can Read / write / Audit in the Public Blockchain Participate in the Public Blockchain has the Right in the Process it can decide which Block to add to chain that is current Shape and Size No one has control over Public Blockchain
Decision in the Public Blockchain is made by Proof of work ( POW) and Proof of stake ( POS)
No need to Maintain servers or System administrator not needed
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