Types of Blockchain

Choosing a Blockchain

Public Blockchain

No permission is required to enter and perform transactions.
Lacks a central entity overseeing the network, making it tamper-proof by any single individual.
Examples include cryptocurrencies like Ethereum, Bitcoin, and Litecoin.

Also known as permissioned blockchain.
Managed by specific entities within an organization that control access and can revoke permissions.
Commonly used in supply chain management to ensure that sensitive information remains confidential to the team.

Combines features of both public and private blockchains.
Public nodes allow anyone to join and participate in the network.
Private nodes verify and validate transactions, controlled by specific organizations or individuals.
This setup enables faster transaction processing while enhancing privacy and security.
Public nodes provide decentralization and transparency, preventing any single entity from monopolizing control.
Participants can determine who can join the blockchain and which transactions are accessible to the public.