So you've learnt the basics of blockchain and now you're keen to dig a little deeper. In this blog you'll learn about 3 different types of blockchain: 🔸 Private 🔸 Public 🔸 Consortium
). As anybody is free to join and to be rewarded for their role in achieving consensus, we would expect to see a highly decentralized topology on a network established around a public chain.
The security-oriented approach on public chains does come with trade-offs on the performance front, however. Many encounter scaling obstacles and throughput is relatively weak. Moreover, pushing changes to a network without splintering it can be a challenge, as it is rare that all participants agree on the proposed changes.In stark contrast to the permissionless nature of public blockchains, private blockchains establish rules dictating who can see and write to the chain .
Well-designed public chains tend to excel when it comes to censorship-resistance, at the cost of speed and throughput. These are best for greater security assurances on transaction settlements .
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