Types of own Blockchain Network to build
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There are four main types of own blockchain networks: public, private, consortium, and hybrid.
Public blockchain:
Public blockchains are open to everyone and are typically used for cryptocurrencies and decentralized finance (DeFi) applications. They are secure and transparent, but they can be slow and expensive to use.
Private Blockchain:
A single organization or a consortium of organizations owns and oversees private blockchains, ensuring centralized management and control. They are more efficient and scalable than public blockchains, but they are less secure and transparent.
Consortium blockchain:
Consortium blockchains are owned and managed by a group of organizations that have a common interest. They are more secure and transparent than private blockchains, but they are less efficient and scalable.
Hybrid blockchain:
Hybrid blockchains combine elements of public, private, and consortium blockchains. They are the most secure and transparent type of blockchain, but they can be complex and expensive to set up and maintain.
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