4 types of Blockchain You should need to know


#1

In this post, we will discuss Blockchain types. We all know that Blockchain is a chain of records stored in the forms of blocks which are controlled by no single authority. Blockchain also supports different services cryptocurrency wallets supporting Bitcoin, Bitcoin Cash, and Ethereum, etc.

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Types of blockchain

1. Public Blockchain

A public blockchain is a non-restrictive, permission-less distributed ledger system. The most common public blockchains examples are Bitcoin and Litecoin blockchains.

2. Private Blockchain

A private blockchain is a restrictive or permission blockchain operative only in a closed network. Private blockchain networks are deployed for voting, supply chain management, digital identity, asset ownership, etc.

Examples of private blockchains are; Multichain and Hyperledger projects (Fabric, Sawtooth), Corda, etc.

3. Consortium Blockchain

A consortium blockchain is a semi-decentralized type where more than one organization manages a blockchain network.

Examples of consortium blockchain are; Energy Web Foundation, R3, etc.

4. Hybrid Blockchain

A hybrid blockchain is a combination of the private and public blockchain. The hybrid system of blockchain is flexible so that users can easily join a private blockchain with multiple public blockchains.

Example of a hybrid blockchain is Dragonchain.

Conclusion:

I hope this post is very helpful to find the types of blockchain technology. If you need to blockchain development services you can contact us. Thank you !!!


#2

I have checked many types of the bitcoin currency which providing the bitcoin options easily.There are some of the Best Blockchain options provides the trading options with different types of cryptocurrency and it can be helpful for the investment of the bitcoin money from different platfrom.


#3

Thanks for sharing your ideas, i’m also having one excellent business opportunity by block-chain technology. Yes, the business idea is cryptocurrency exchange, The cryptocurrency exchange is a popular business in recent days. A cryptocurrency exchange is a platform where crypto enthusiasts and users can exchange, sell, and buy any digital assets. In the exchange time (Fiat to crypto/crypto to crypto) the exchange owner gets a small amount on a commission basis. In cryptocurrency exchange, you earn money not only in crypto trading, you able to earn crypto some other different ways like

  • IEO
  • Margin Trading
  • Multilateral trading facility
  • Backend/infrastructure via API access
  • Token Listing fees.

If you are interested in starting a cryptocurrency exchange business, get the best cryptocurrency exchange script to start your exchange business successfully.