While each type of blockchain uses a network of computers to run, there are multiple types of blockchains for different industries and use cases. Here are the four main types of blockchain technology, each with its own unique uses depending on how it is built and what permissions are granted.
Public blockchain: Public blockchains are the most accessible type of blockchain, providing a decentralized digital ledger where anyone can transact. This type of blockchain is sometimes referred to as a permissionless blockchain.
Private blockchain: Private blockchains are controlled by a single entity or organization. This type of blockchain is often used for enterprise applications and may also be referred to as a permissioned blockchain.
Hybrid blockchain: As the name suggests, a hybrid blockchain combines elements of public and private blockchains. This means that some parts of the network may be public, while others are private.
Consortium blockchain: A consortium blockchain is a private blockchain shared by a group of organizations. These organizations collaborate to validate transactions and maintain the network.
Domaincn.com Committed to providing fair and transparent reports. This article aims to provide accurate and timely information, but should not be construed as financial or investment advice. Due to the rapidly changing market conditions, we recommend that you verify the information yourself and consult a professional before making any decisions based on this information.