What is Private Blockchain ?

-

Private Blockchain why it is different from Public Blockchain


Private Blockchain is Governed by Single Entity.distributed Technology can be used in the Organization without Making organization data Public in the Private Blockchain.

This Means in the Public Blockchain anyone can read/write or audit  But this absolutely opposite
in the Private Blockchain. Only the User who has the Permission to Read / write or audit can do this these actions

In private Blockchain one ot more entities that control the Network which can override /delete command on the Blockchain if needed

Example for Private Blockchain is Hyperledger

Private Blockchain is Faster and cheaper but less secured compared to  Public Blockchain and it  also closed chain not Like Public blockchain



Point you need to know about  Private Blockchain 


  • Private Blockchain is Distributed ledger but it is not decentralized
  • Only those who have permission can run the Full node and start Mining
  • Only permisison Granted Users can review /Audit the blockchain in the Blockchain Explorer
  • The transacation can be made only by the user who have Permission
Location: Malaysia

Comments

  1. Amplework Software01:57

    Good information about the blog. Consortium Blockchain Means the Blockchain with set of procedures controlled by a preselected set of Nodes this consortium Blockchain operates under the leadership of Group.

    MVP Development
    Continuous Product Development
    DevOps Solutions
    Mobile Application Development
    Enterprise Web Development
    Voice/Alexa App Development
    IoT App Development
    Blockchain App Development
    Ai BOT Development

    ReplyDelete
  2. Stacy Dsouza22:10

    Thank You for sharing such an informative Blog. Check out more

    Smart Contract Development Company

    Blockchain Development Company

    ReplyDelete
  3. Emily Sears23:25

    This comment has been removed by the author.

    ReplyDelete
  4. Getxposure00:09

    For businesses leveraging Branding Services, this ensures secure and controlled management of sensitive brand-related data, enabling them to maintain confidentiality while streamlining internal processes and enhancing trust with stakeholders.

    ReplyDelete
  5. Emily Sears01:51

    Whether you're exploring the benefits of private blockchains or learning about user-centric features like How to Enable Location Sharing on iPhone? A Guide for Different iOS Versions understanding these technologies can help you leverage secure and efficient solutions for your organizational needs.

    ReplyDelete

Post a Comment

Popular posts from this blog

What is Public Blockchain

-
Image
Public Blockchain All you need to know about  Public Blockchain while you say the word "public" you know the Meaning of the Word Anyone 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...
Read more

HIRE ETHEREUM BLOCKCHAIN DEVELOPER- WHAT DO YOU HAVE TO LOOK INTO?

-
Image
Ethereum hit the market at the end of 2013 and started gaining momentum in 2014 which is about 6 years after the arrival of Blockchain technology. Considering its time of emergence and its capacity, it is obvious that Ethereum has come a long way in the path of success by way of attracting a majority of entrepreneurs and crypto investors now. With this said, there is no wonder about a capitalist wanting to build an Ethereum Blockchain for commercial purposes. Hire Ethereum Blockchain Developer to implement Blockchain for a phenomenal upbeat. SHAMLA TECH, as an Ethereum Blockchain Development Company, comprises of Blockchain professionals who specialize in Ethereum Blockchain Development. We offer end to end Blockchain development services for enterprises belonging to various sectors such as healthcare, e-commerce, telecom, supply chain and logistics. Hire Ethereum Blockchain Developer with us for flawless Blockchain solutions. FUNDAMENTALS OF ETHEREUM Ethereum is an open ...
Read more