What is Public Blockchain?

In this video, we are explaining about Private and Public Blockchains with an example. How both blockchains are different to each other. public blockchains are decentralized and open to anyone, while private blockchains are centralized and restricted to specific users or organizations.

A blockchain is a distributed ledger that records transactions securely and transparently. It consists of a series of blocks, each containing a set of verified transactions

Public blockchain refers to a blockchain that is open to anyone to participate in, and anyone can view and verify the transactions. Examples of public blockchains include Bitcoin and Ethereum.

On the other hand, a private blockchain is restricted to a specific group of users who have permission to participate in the network. It is also known as a permission blockchain. Private blockchains can be more efficient and scalable compared to public blockchains, as they do not require as much computing power to verify transactions.
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Disclaimer:
Neither Bitinning, nor any of its personnel, representatives, agents, or independent contractors are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties is providing investment, financial, legal, or tax advice, and nothing in this video should be construed as such by you. This video should be used as an educational tool only and are not a replacement for professional investment advice.