Hello Everyone Assalamualaikum

Hopefully everyone is healthy and well by the grace of the Creator. You are also having a good time with all your family members. I am also good Alhamdulillah. Today I will discuss with you about different types of blockchain. I hope you enjoy my writings.

We all know the history of blockchain building. Blockchain is very important for Bitcoin and cryptocurrency exchanges. It helps to exchange money with anyone in any part of the world without any specific organization. Many financial institutions or industrial organizations or different organizations use blockchain technology for their respective tasks. There are differences in blockchain technology. That is, we see several types.

source

There are basically three types of blockchain. The first is the public blockchain and the second is the private blockchain and the third is the hybrid blockchain.

We are all familiar with the word public. Public means we all understand. That means the public blockchain is a decentralized platform where anyone can be part of this network and complete any transaction. Public blockchains provide more security than centralized lasers. For example, Bitcoin is one of the examples of public blockchain. Where the single has no authority.

We are all familiar with the word private. Which is pretty much person-centered. It is a blockchain with an access control layer built in. Only those who participate in this network are allowed to authorize authority in their network. This type of blockchain is mainly used by industries or organizations that do not want to share their own data with anyone. Examples of private blockchain are Ripple (XRP) and Hyperledger.

The hybrid blockchain is designed primarily for the benefit of companies and various industry organizations to maintain a high level of privacy in their activities, departments and ledger. One example is the IBM Food Trust. Where everyone from farmers to wholesalers or dealers or wholesalers can participate. The origin of hybrid blockchain is due to the advantages and disadvantages of public and private blockchain. Where everyone has the benefit of the way.

There are also some blockchains. Such as consortium blockchain. Today I have briefly discussed with you about public, private and hybrid blockchain. I hope you like it.

Much Love And Best Wishes To All

I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
Add Me On Facebook
Follow Me on Tweeter