Blockchain technology is a decentralized, distributed ledger that stores the record of ownership of digital assets. Any data stored on the blockchain is unable to be modified, making the technology a legitimate disruptor for industries like payments, cybersecurity, and healthcare. There are four types of blockchain: Public, Private, Hybrid, and Consortium Blockchain.
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2. INTRODUCTION
TO BLOCKCHAIN
TECHNOLOGY
Blockchain is the backbone
Technology of Digital CryptoCurrency
BitCoin. The blockchain is a
distributed database of records of all
transactions or digital events that
have been executed and shared
among participating parties.
3. TYPES OF BLOCKCHAIN
TECHNOLOGY
This blockchain is accessible to all users because
its name is public, which means no one owns it.
Anybody with access to the internet and a
computer with good hardware can participate in
this public blockchain.
Compared to a public blockchain, these are
less open. Only certain authorized users have
access to them. These blockchains run on a
private network.
1) Public Blockchain 2) Private Blockchain
4. TYPES OF BLOCKCHAIN
TECHNOLOGY
Also known as Federated Blockchain. This is
an innovative method to solve the
organization’s needs. Some part is public and
some part is private.
Both public and private blockchains are combined
in it. Systems with and without permissions are
used. Smart contracts allow users to obtain
information. Even if a primary entity owns a hybrid
blockchain it cannot alter the transaction.
4) Consortium Blockchain
3) Hybrid Blockchain
5. CONTACT US
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