Blockchain public and private
Source of the image was modified in CorelDRAW
The blockchain its translation into Spanish means "chain of blocks" that chain of blocks is a very well structured system and structured as an accounting book where each block is responsible for keeping a large amount of financial information, but currently this block chain we are using to store any type of information susceptible to be saved under this scheme.
The best part is that this block chain becomes a very secure database because of the number of users known as (nodes) these nodes are those that have the function of verifying all the transactions and in a direct way only the creators of the blocks.
It really is not very difficult to understand the operation and assimilate all the information that can be found. There are many links where you can document about it.
In the following image it is explained graphically:
Source of the image
Let's go into the subject, how does the public and private blockchain work?
I think many will agree with me. The chain of blocks is here to stay, unless there is a big explosion but in all the equipment or systems that serve as replicators and verifiers of the chain of blocks worldwide, since this information is stored in each of them and is a faithful copy and thanks to these copies is that you can reconstruct the information that may be susceptible to loss or damage at some point in that chain.
Definition of public blockchain:
A public blockchain, also called open, as its name implies, is one in which anyone can join the network and collaborate with the update of the chain. This means that any member of the community in question can review the information contained in the verified blocks and participate in the process of verification of operations without any type of restriction..
Source
One of the main chains of public blocks is the Bitcoin, after reading and carrying out an exhaustive investigation in many readings they describe it as public.
A very important feature is decentralization because thanks to that independence a better performance is achieved and any person in the world who wants and can maintain the impression of the block chain as long as it meets specific requirements can participate.
In addition, they get benefits or incentives as long as they do it correctly, the way they get benefit is with bitcoin but there is a condition to be able to have them, there must be a cryptographic verification.
All of them produce information that is registered in the database, and they can access it, since it will be distributed and only having an internet connection massively achieves that all these data are incorporated into their teams and are willing to keep the database, thanks to it large communities can be formed.
Definition of private blockchain:
A private blockchain, also known as closed blockchain, is one that is owned by an individual or institution, which is why it is not allowed for anyone to enter the community and add blocks to the chain. In fact, in order to join the network, it would be necessary to receive an invitation from the network developers.
As the private theory says, it is very clear that not everyone has permission and they do not have access to this type of blockchain, only those that belong to that closed circle can make records in the database, this database will be in private or central servers and only the administrators of these will grant the necessary permissions to be able to access, in many cases only the specific clients that were already registered can enter.
To get access to a private one, you must keep in mind that you have to comply with regulations, rules and requirements to be there.
The verification of the data will always be centralized, that is one of its characteristics the centralization of the chain of blocks.
The incentive that can be received by those who maintain this database will be their own interest since they have the obligation to do it correctly in order to have a reputation on that platform.
Almost always my wife reads the post that I will publish, I can say that she is my editor in chief, she does not know much about the topic, so she asked me for a very simple explanation of how the private and public blockchain works,
I came up with this example:
Imagine that an apartment is a private blockchain where only you are the administrator, the only one that decides which doors are opened, which are closed and which are kept open over all the main entrance, this means that access is limited that only few can go through that door or only to whom she gives permission.
She is the boss and administrator and she is the one who grants the entrance, but even nobody can change those rules unless she decides.
Both have their advantages and disadvantages, the blockchain is relatively new with only seven (7) years of its creation, which means that it is currently in the process of improvement within the blockchain technology, in any case they are being used to store any type of information, its scope reaches the medical and scientific as well as economic.
The evolution of this blockchain technology will only be defined by its use both public and private and the need for them will depend on the environment where and how they are used, it can be seen that the public will grow more in the future, all those who interact in it participate in improvements for its improvement and is happening at this time when you read this post and is happening in all parts of the world, we know that its development is constantly evolving.
Certainly the future is uncertain the private blockchain may have a takeoff, however I consider that the access to be able to belong to it is so limited and that would slow it down, I clarify that this is my totally objective point of view.
Original from José Lanz
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This work is under licencia de Creative Commons Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional.
If you want to make a donation, for @lanzjoseg you can do it directly by
PAYPAL: Lanzjoseg.me
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#ph-venezuela
Project Hope Venezuela is an Initiative sponsored by @crypto.piotr and @mariusfebruary.
You See more about it at:
@coach.piotr - PROJECT #HOPE - day one
Our previous posts:
@jadams2k18
- Blockchain Life the number one event in the cryptographic community -
- Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?
- The "crypto-arepas", alternative in the middle of depressing situation.
Thanks for visiting, I apprceciate your opinion.
"In your constant evolution".
-|-
iOS Android
[email protected]🌐eSteem.app | 👨💻GitHub | 📺YouTube
✍🏻 Telegram | 💬Discord
"In your constant evolution".
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Nicely written piece. Your description and explanation of the Blockchain is easy to follow and understand. Thank you for sharing
Dear @r2cornell
Thank you for visiting my publication, try to be the simplest to just achieve that ..
I appreciate your visit very much. A hug.
Thanks for the clear explanation. I'm sure many will benefit from it by finally understanding a bit more about what a blockchain is.
Dear @majes.tytyty
Hello very honored that you visit my publication, I always read many publications of the blockchain but in many cases I must read several times to understand it and then I take it to my field to explain it.
I appreciate your visit very much. A hug.
Hello my friend @lanzjoseg thank you for sending me your memo, I really appreciate your time taking me on your list for sharing the link.
Thanks a lot for the explanation. I'm pretty sure many people will benefit from it.
This is very clear and for now I got it, I know a bit more about what a blockchain is. Very simple ...!!!
Very informative post to educate about the benefits and case of uses of the blockchain!
Hi @lanzjoseg
In my opinion, private blockchains are very helpful for business owners or for people who manages confidential / private information.
For example, selling stuff requires to handle personal data like shipping address, name, etc. As a customer, I don't want to see my personal data in a public blockchain.
Other examples are accounting records, marketing data, logistics information and so on.
It seems that private blockchains are similar to BAAS (Blockchain as a service). Maybe they will replace cloud computing.
Good morning my friend and brother. I hope you and your family are fine and... I am very happy you explained this in an easy way (smart wife you have) since frequently the explanations are done in a way only those who are already familiar with the subject can understand.
The pictures fit great to it (some need to see it instead of reading it).
I agree private and public both have their benefits I guess it depends on what you are looking for or want what turns out to be best.
I wish you all a day with 🌞, 💕 and happiness. I share your post
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Dear @wakeupkitty
Hello my good friend, I am very happy that you liked me and that it was also very well understood. If this world of the blockchain needs a lot of reading to be at the forefront, I did my best to be very didactic, use the technique I use in the university, I always tell my students, that there are two types of students who understand why they read and those who understand what they hear, but in this case it is what they can see.
I appreciate your visit very much. A hug.
Here we say there are 2 kinds of people: the ones who are able to read and understand and the 'image thinkers'. The last group has it hard since education is never based on them it is all books and studying by reading.
The image thinker needs a picture or sees someone do it to understand. Frequently they are very smart but society does not invest in them as in the old days where you watched the teacher/master and knew how to do it.
With your article, you made this possible and your students have luck with you teaching them.
Happy Easter with 🌞 and 💕 for you and your family, xxx Kitty
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Hello @lanzjoseg. Very good article, thank you for making me aware.
I appreciated your comment:
While this is a very true statement, it might be good to clarify. The blockchain is trustless, solving the Byzantine general issue. As such, it is great for auditing purposes, but makes for a lousy data base. So, while blockchain has a place in the future infrastructure of technology, as evidenced by patents by large corporations, it is not always the best solution. It is yet another tool.
Not all blockchains are about coins and tokens. And within the coin and token space, there is proof of work and proof of stake and a number of variations.
It is good that you are continuing to educate on blockchain and what it means. Thank you again for your article.
Hi friend @guysellars.
You are absolutely right, the Blockchain is not just currency, in my article I mentioned that, it is currently being used for many things because, like all of us, we handle this information less than the chain of blocks is used to store any type of information, the point of becoming used by medicine and by science.
Here in steemit are some Venezuelan doctors who make good publications and only talk about medicine and that's good because we all have access to that information.
I will dedicate to treat other similar subjects.
I'm very happy that you visit my post.
Hello friend, first let me congratulate you on your presentation, the way you give us the information is very nice.
At a general level you always show us educational texts, quite good and very useful, what attracts me the most information is that the blockchain is available to everyone, and we can all see the transactions and everything that happens, although anonymously , it's transparent.
It is impressive what happens after publishing, all the processes that are put in place to transmit the information and the assessment procedure, everything is precise and perfect, almost magical.
Thank you for sharing your information, it is a pleasure to visit you.
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Private blockchain,
The risk is too great.
I have several private blockchains was frozen by the official.
It only give you a sentence: You violated the rules!
No matter how you complain? how to ask questions?
It is still mechanical Reply for you: You violated the rules!
So participate in a private blockchain,
In the end, it only wastes time and money.
Dear @cloudblade.
Hello friend, you are quite right I have read that in several parts the private blockchain is very limiting, if you see the example that you use for the private blockchain. Use an apartment or a house, where the administrator that in this case is my wife is the one in control, so the users, I mean, I always have to lose. :D :D
But I still always love my wife, and everyone who is married can understand my analogy.
I appreciate your visit very much. A hug.
Wonderful metaphor !
want them, also afraid of being hurt !